Given the situation V2A Consulting has gone fully virtual. This means we are 100% OPEN FOR BUSINESS and are currently serving our clients as usual, but only remotely.
The Covid-19 will have a large impact on our economy. Estimates from local economists point to a GDP drop between 2.6% and 5.2% in FY 2020 ($2.5B to $5B). However, this confinement period will not affect all businesses and employees in Puerto Rico equally. In this information "capsule" we will identify the employee groups most vulnerable to the effects of Covid-19 amongst the main sectors of our economy
The local banking industry has gone through a profound and long-lasting consolidation process since 2010, with only three remaining banks surviving, Popular, FirstBank, and Oriental. With this consolidation came a steep decline in assets, deposits, and loans. From 2009 to 2016, total banking assets...Continue Reading