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Current Issues in Economics and Finance Second District Highlights
Trends and Developments in the Economy of Puerto Rico
March 2008 Volume 14, Number 2
JEL classification: H00, J40, N30, R11
Authors: Jason Bram, Francisco E. Martínez, and Charles Steindel
A two-year-long economic downturn and a persistent income gap with the U.S. mainland contribute to an uncertain outlook for Puerto Rico. Still, the commonwealth possesses a skilled and educated workforce, a favorable business climate, and the benefits of U.S. legal and financial structures—advantages that could encourage the development of new industries and create the potential for sustained growth.