Puerto Rico's economy will remain in a recession through the end of fiscal-year 2015, driven by weak labour market dynamics, which have resulted in significant emigration of the economically active population. Indeed, we expect that high unemployment and unfavourable demographics will weigh on overall economic activity, especially in the consumer and construction sectors. This podcast features Elijah Oliveros-Rosen, BMI's Puerto Rico country risk analyst.
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Deteriorating Labour Market To Drive Recession Through 2015
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