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Puerto Rico Bankruptcy is Ending. Next Step: Grow Its Economy

  • Governor sees hope in reconstruction funds, manufacturing base
  • Federal oversight board warns deficits could reappear by 2035
Shoppers walk through the Mall of San Juan in San Juan, Puerto Rico. 

Shoppers walk through the Mall of San Juan in San Juan, Puerto Rico. 

Photographer: Xavier Garcia/Bloomberg

After more than four years, Puerto Rico’s record municipal bankruptcy is coming to an end. For the U.S. commonwealth, the timing seems auspicious. 

The island, which has been in an economic slump for a decade and has been battered by hurricanes, earthquakes and political rifts, will have to grow its more than $100 billion economy or risk again running the kinds of deficits that pushed it to financial ruin.