Friday, July 1, 2016

The Puerto Rican crisis in one graph

I published a while ago a link to a piece by Argeo Quiñones and Ian Seda on the situation in Puerto Rico. Below a graph of GDP (in constant prices).

Clearly the economy started to collapsed in 2007, more or less with the US recession. The difference is that there has been no recovery in Puerto Rico. Not surprisingly there is talk about Prexit (an exit from the US; even though the entry was incomplete and subordinate).

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