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Volume 52, September/October 2017, Number 5 · pp. 323-324

Letter from America

The Puerto Rican Saga

Anne Krueger

Two years ago, Andrew Wolfe, Ranjit Teja and I prepared a report on the economic situation and outlook for the Puerto Rican economy. The picture was bleak: economic stagnation (if not retrogression), fiscal crisis and unpayable debt-servicing obligations. We presented evidence that without serious policy actions on three fronts – measures to improve growth prospects, address fiscal imbalances and deal with the debt – the outlook was dismal.


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