Puerto Rico: 11 years in recession and now no electricity

by Patrick Gillespie

Puerto Rico is already in an 11-year economic recession. Now it must start rebuilding after Hurricane Maria left the island knocked out flat.

The island was completely without electricity Wednesday.

“This is total devastation,” said Carlos Mercader, a spokesman for Puerto Rico’s governor. “Puerto Rico, in terms of the infrastructure, will not be the same.”

The total extent of the damage isn’t known yet, but the visuals are telling: Roofs blown off, flooded streets, shattered windows, debris and remnants of palm trees strewn about. It was the strongest hurricane to hit the island since 1932.

Read the full article here: http://money.cnn.com/2017/09/20/news/economy/puerto-rico-maria-rebuilding/index.html


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