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prima:Moody’s estimates that Puerto Rico’s economy will close in the red

The credit rating agency’s forecast contrasts with the optimistic projections of the Planning Board and specialized magazines

October 4, 2024 - 10:18 AM

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This content was published more than 3 months ago.
According to projections presented by Gustavo Rojas Matute, an economist at Moody's Analytics, real Gross Domestic Product (GDP) -measured adjusted for inflation- could fall by approximately negative 0.2% in fiscal year 2025. (Shutterstock)

Puerto Rico’s economy could close in negative territory this fiscal year, despite the multimillion-dollar federal funds that have flowed to the island, according to a Moody’s Analytics study.

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