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Guam missed the opportunity for a stronger economic rebound despite spending $1.3 billion of $2 billion in federal pandemic aid in 2021, Guam-based economist Claret Ruane said, although experts have
Inflation that drives up the cost of living and difficulty in finding workers to fill jobs — especially when tourism rebounds strongly — will likely persist on Guam in 2023,
Military and federal spending will continue to drive Guam’s economy, but the island’s future will look even brighter if tourism rebounds strongly in 2023, and if inflation’s impact on the