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Economist, finance expert: Full recovery a few years away, 2021 growth eyed at 3 4%, | News

UOG business conference connects 17 universities in region

Guam s 2020 economy retracted between -07% and -18%, according to report

The “2020 Guam Economic Report” released today by economics professor Maria Claret Ruane and a team of faculty, students, and alumni from the School of Business and Public Administration a

University of Guam report studies economic decline of Guam in 2020

University of Guam report studies economic decline of Guam in 2020 Staff Reports A new report estimates that in 2020, Guam s economy retracted between 0.7% and 18.9%, and as much as 49% without federal pandemic assistance. The “2020 Guam Economic Report” released Wednesday by economics professor Maria Claret Ruane and a team of faculty, students, and alumni from the School of Business and Public Administration at the University of Guam studied Guam s economy during the pandemic. The estimate foreshadows Guam’s real gross domestic product for 2020, which may not be released from the Bureau of Economic Analysis under the U.S. Department of Commerce until late 2021 or early 2022. 

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