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Monday, November 9, 2026 · UTC
Puerto Rico

Economists tell forum Puerto Rico has no engine for sustained growth

Presenters to a San Juan forum agreed the island lacks a driver for lasting expansion, with the New York Fed reporting activity flat for two years.

Marisol Vélez Cintrón
Politics Correspondent
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Puerto Rico's economy remains flatlined.
Puerto Rico's economy remains flatlined. AI illustrationhow this picture was made
Every economist who presented agreed Puerto Rico lacks a strong engine for sustained economic expansion, according to a San Juan Daily Star account filed Nov. 6.[1] Joelle Scally of the Federal Reserve Bank of New York told the forum that economic activity on the island has remained virtually unchanged for the past two years.[2] The projections presented diverged. Estudios Técnicos projected a 1.4% contraction in real gross national product for fiscal year 2027.[3] Moody's Analytics projected real GDP growth of 0.3% for 2027, following estimated growth of 0.8% in 2026.[4] On the demographic side, Puerto Rico college enrollment fell 7% over the past three years.[5]
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What this stands on
  1. All presenting economists agreed Puerto Rico lacks a strong engine for sustained economic expansion. · San Juan Daily Star
  2. Joelle Scally of the Federal Reserve Bank of New York stated Puerto Rico economic activity has remained virtually unchanged for the past two years. · San Juan Daily Star
  3. Estudios Técnicos projected a 1.4% contraction in Puerto Rico real gross national product for fiscal year 2027. · San Juan Daily Star
  4. Moody’s Analytics projected Puerto Rico real GDP growth of 0.3% for 2027, following an estimated 0.8% growth in 2026. · San Juan Daily Star
  5. Puerto Rico college enrollment decreased by 7% over the past three years. · foxnews.comUnited States
The one we could place publishes from United States. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.