Trump's Policies Threaten Puerto Rico's Economic Future, Sparking Concerns
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Former President Trump's policies are casting a long shadow over Puerto Rico's fragile economy, prompting widespread concern and debate about the island's future. While no longer in office, the repercussions of decisions made during his administration continue to reverberate throughout the U.S. territory, hindering recovery efforts and exacerbating existing vulnerabilities.

The core of the issue lies in a series of policy shifts and funding decisions that critics argue disproportionately impacted Puerto Rico. These include limitations on disaster relief funding following Hurricane Maria, which devastated the island in 2017, and changes to tax incentives that previously attracted businesses and investment. The withdrawal of federal support for key infrastructure projects has further hampered economic development.

These policies, according to experts, have had a cascading effect. Reduced funding for essential services like healthcare and education has led to an exodus of skilled workers, further weakening the island's human capital. The lack of investment in infrastructure has hindered business growth and made it difficult for Puerto Rico to compete in the global market.

Economists warn that the long-term consequences could be dire. Without sustained investment and policy support, Puerto Rico risks falling into a deeper economic crisis, with rising poverty rates and increased dependence on federal assistance. The situation is further complicated by the island's existing debt burden and political uncertainty.

While the current administration has taken steps to address some of these issues, the legacy of the previous policies remains a significant obstacle. Rebuilding trust and attracting new investment will require a sustained and comprehensive approach, including addressing the underlying structural issues that have plagued Puerto Rico for decades. The future of Puerto Rico's economy hinges on decisive action and a commitment to long-term sustainable development.
Source: Economy | Original article