Puerto Rico is set to become the world’s worst economy next year

Quartz reports: The true extent of Hurricane Maria’s damage to Puerto Rico is still being tallied. But here’s a good indication of how bad it will be—the island’s economy will shrink by about 8% in 2018, according to a November forecast by the Economist Intelligence Unit.

That puts Puerto Rico at the top of the list of the slowest-growing economies in the world.

Puerto Rico might have made it on that list even if hadn’t been hit by the Category 4 storm on Sept. 20, but it likely wouldn’t have been at the top. Last year, the island’s economy contracted by closer to 1%, according to government estimates. [Continue reading…]

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