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Opinion | Puerto Rico’s economic outlook if Kamala Harris wins

Economist Gustavo Vélez warns that the economic and fiscal policies of the new president of the United States will have an impact on local economic processes

31 de julio de 2024 - 12:55 PM

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Vélez points out that "the positive or negative impact of a hypothetical Kamala Harris presidency on the island will depend in large part on who has control of Congress and on the local government's ability to align itself with national public policies. (Agencia EFE)

Por Gustavo Vélez

Economista

In my previous week’s column, I analyzed the economic scenarios that Puerto Rico may face under a hypothetical Donald Trump presidency. As I indicated in my previous writing, the political chessboard at the national level has changed radically following current President Joe Biden’s decision not to seek re-election, and the island is not exempt from whatever emerges from this new reality. Specifically, the economic and fiscal policies of the new U.S. president will impact local economic processes.