Puerto Rico Economic Pulse ©

December 2003: Uncertainties and Expectations in 2003

How global trends and economic news shaped the year

Year 2003 was tough, with challenging global trends shifting towards China and India; continuing US and worldwide economic slowdown, the war against Iraq, and some signs of recovery that are just now more obvious. Puerto Rico experienced stagnation in public construction, continuing high unemployment, efforts to initiate a tax reform and mixed signals in manufacturing. In this issue, find out what is at stake if Puerto Rico does not embrace a new vision of the future.