Macroeconomic Forecast Puerto Rico

Having contracted 6.0% in 2009, we continue to see a decline in export levels in 2010, to the tune of 2.0% to US$58.53bn. Meanwhile, although we forecast real GNP to grow by 0.9% (the first positive growth reading since 2006), imports are unlikely going to rise this year. To be sure we currently see a contraction in import levels of 2.0% to US$39.31bn, having already fallen 7.0% in 2009. This means that Puerto Rico's trade in goods balance will reach a surplus of US$19.22bn this year - 2.0% decline over the previous year.

To read the full article, please choose one of the following options: