Puerto Rico

Puerto Rican Governor Alejandro García Padilla unveiled a US$9.8bn budget for FY2013/2014, representing a US$750mn increase over the prior year. However, Padilla said he... 2013-05-03

We believe that Puerto Rico's uncompetitive labour market, particularly in the manufacturing sector, will remain a major drag on economic growth over a multi-year period. Indeed, relatively... 2013-04-11

Puerto Rico's tax policies have generated a good deal of attention recently, with media reports indicating that several high net worth US citizens are considering moving to the island... 2013-04-05

Consumer price inflation in Puerto Rico ticked down to 0.8% year-on-year (y-o-y) in January from 1.2% y-o-y in December. We expect demand-side inflationary pressures to increase modestly... 2013-03-29

We estimate that Puerto Rico's economy emerged from a five-year recession in 2012, and forecast modest growth rates over the coming years. However, a weak performance in commerce, combined... 2013-03-14

Consumer price inflation in Puerto Rico ticked down to 1.2% year-on-year (y-o-y) in December from 1.5% y-o-y in November, putting 2012 average inflation at 2.2%. We expect demand-side... 2013-03-04

The US Department of Homeland Security has sent additional personnel to Puerto Rico from agencies including Customs and Border Protection and Immigration and Customs Enforcement, in... 2013-03-04