The Weekly Journal - Wednesday, September 29, 2021

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Puerto Rico and the Caribbean

www.theweeklyjournal.com

>Josian E. Bruno Gómez

Wednesday, September 29 - October 5, 2021 - // no. 127

Prepa Under Fire P6

Puerto Rico’s

Good News for Public Retirees P7

GDP Increased by 0.3 Percent in 2019 >Archive

>Courtesy of Marconi Campos Cerqueira

Cyber Fraud Costing Millions P8

First official BEA release of GDP for the island, 2012–2019

P Rosario Fajardo

New Puerto Rico Bird Atlas P13

rfajardo@wjournalpr.com

@RosarioWJournal

uerto Rico’s real gross-domestic product (GDP) increased slightly by 0.3 percent in 2019 after decreasing 2.4 percent in 2018, which reflected the immediate impact of Hurricane Maria in September 2017, according to newly released estimates by the U.S. Department of Commerce’s Bureau of Economic Analysis (BEA). The statistics released this week are the BEA’s first official release of GDP for Puerto Rico. The release

includes updated estimates for 2012 to 2018 that incorporate new and additional source data and methodology improvements to the prototype GDP statistics that were released in September 2020. The report found that the pharmaceutical industry continue to be important for Puerto Rico, as the increase in real GDP in 2019 reflected an increase in the island’s exports. “Although private inventory investment, government spending, and consumer spending declined, these decreases were largely offset by a decrease in imports, which GO TO PAGE 4


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