Public Debt in Puerto Rico
Puerto Rico - Public DebtThe economy seemingly returned to growth in the fourth quarter of FY 2021 (July 2020–June 2021), after economic activity surged at the quickest rate in over three years in June. Moreover, the unemployment rate averaged slightly lower in April–June than in the previous quarter, having dropped to a joint record-low level in April, thus hinting at healthier household consumption. Turning to the current quarter, available data paints a mixed picture: While the manufacturing PMI was on firmer footing in July compared to the prior quarter, the unemployment rate rose to a seven-month high in the same month. Furthermore, despite a region-leading vaccination campaign, new Covid-19 cases rocketed from late-July onwards and prompted authorities to reinstate some restrictions on non-essential businesses for most of September, spelling trouble for activity towards the end of the quarter.
Puerto Rico - Public Debt Data
|Public Debt (% of GDP)||95.1||91.8||92.9||-||-|
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