FACT SHEET: The Sad Truth About Puerto Rico
GOV. GARCIA PADILLA’S RECORD SHOWS FISCAL AND ECONOMIC FAILURE Sustained Economic Decline, Pension Shortfalls, Job Losses & Brain Drain GDP shrank by almost 2% in 2014 63 plants closed in 2014 Lowest labor force participation rate in the Western Hemisphere at 41% 14% unemployment rate The Economist predicts that Puerto Rico will be the eight-worst performing economy in the world this year Cost of living is 13 percent more expensive than the U.S. mainland Pension fund is only 7 percent funded Nearly 100,000 Puerto Ricans have left the island since Governor GarcĂa Padilla took office in 2013 Government … Continue reading FACT SHEET: The Sad Truth About Puerto Rico
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