Puerto Rico: Economic Perception vs. Reality

JLL’s Naveen Jaggi shares at the ICSC Caribbean Conference why investors looking for a long-term strategy may want to look towards Puerto Rico, despite dire media reports claiming that the country’s debt situation is spiraling out of control. With more than 36 percent of the nation’s debt not actually guaranteed and instead tied to tax collection, which pales in comparison to Greece (five times higher) and the European Union (roughly 50 percent higher), the island nation only has a 69 percent debt-to-GDP ratio, which is significantly less than several troubled European nations, including Italy (131 percent) and Portugal (133 percent). For more information, please contact Andy Carlson (Andy.Carlson@am.jll.com).Weniger lesen