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Puerto Rico’s economic outlook uncertain due to basic services increases

According to interviewees, higher electricity and water bills will increase the cost of doing business and reduce consumption

July 2, 2024 - 11:30 AM

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According to economist Heidie Calero, businesses in Puerto Rico are operating in an environment of "great uncertainty" in the face of constant increases in operating costs just when inflation has not been controlled and business bankruptcies increased 23.5% year-on-year during the first five months of 2024. (Carlos Rivera Giusti)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

More inflation, less economic growth and business closures are some of the effects that the series of increases announced in recent days could have on the island’s economy, according to economists and a financial analyst consulted by El Nuevo Día.