Government relies on foreign corp. tax revenue - Puerto Rico Daily Sun - Timely news about Puerto Rico, the Caribbean and the world
The increase in revenues announced by Puerto Rico’s Treasury Department is not an indicator of a rebound in the economic activity. Indicators such as unemployment, the number of people employed, and the Government Development Bank’s Index of Economic Activity (which includes employment and a sales composite of gasoline, concrete, and electricity) point to an economy still shrinking, or at best, stagnant.
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