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The island is in a debt crisis, with the governor acknowledging that it cannot pay off all its debt. While the overall debt burden is not excessive by national standards, a…
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DOI: 10.1108/OXAN-DB201407
ISSN: 2633-304X
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PUERTO RICO: Debt crisis will go to court
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DOI: 10.1108/OXAN-ES203315
ISSN: 2633-304X
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The pandemic has plunged Canada into recession. Employment rolls shrank from 19.2 million (mn) in February to 16.2mn in April. Although they rose to 16.5mn in May, concerns about…
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DOI: 10.1108/OXAN-DB253389
ISSN: 2633-304X
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In responding to COVID-19, the Fed, working with the Treasury, is making massive fiscal interventions. Congress has also appropriated 3 trillion dollars in aid so far.
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DOI: 10.1108/OXAN-DB252732
ISSN: 2633-304X
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Containing stimulus measures worth over CDN100bn (USD80bn), it aims to nurture and sustain a post-COVID recovery that is now expected to see growth of 6.5% this year. However, it…
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DOI: 10.1108/OXAN-DB261043
ISSN: 2633-304X
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Under the Puerto Rico Oversight, Management and Economic Stability Act (PROMESA) passed by the US Congress earlier this year, the oversight board can set the island’s fiscal…
Facing challenges from resurgent conservative parties and widespread unpopularity brought on by economic circumstances and voter apathy, the centre-left governments in both…
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DOI: 10.1108/OXAN-DB230072
ISSN: 2633-304X
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Post-default politics in Puerto Rico.
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DOI: 10.1108/OXAN-DB213057
ISSN: 2633-304X
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The budget keeps the deficit just inside prescribed limits despite an increase in new spending, by stepping up measures to boost revenue. Initiatives designed to target the…
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DOI: 10.1108/OXAN-DB286531
ISSN: 2633-304X
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The sweeping tax reform is US President Donald Trump’s first major legislative victory. Although the bill met strong opposition, and criticism from many leading economists, Trump…