Macro - Country Economic Forecasts - Puerto Rico
We've raised our 2024 GDP growth forecast for Puerto Rico by 0.8ppts to 1.6%, though this still marks a slowdown from 2.8% last year. Federal funds from disaster-relief programs and pandemic stimulus have buoyed infrastructure projects and private consumption, but these boosts are set to fade. Still, resilient demand from mainland US will likely continue to benefit Puerto Rico's exports and tourism sector, driving growth in the island's economy.
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