“That, to me, is positive news. To maintain 0% is great — and it could even be a positive 1% growth — especially since throughout the year, many developments happen that could negatively impact our economy.”
— Maria Claret Mapálad-Ruane, a professor of economics at the University of Guam and principal author of UOG’s Regional Center for Public Policy’s 2019 Economic Report, on the report’s findings. Guam’s economy for 2019 is expected to post growth of 0% to 1% when the real gross domestic product is officially released by the U.S. Department of Commerce’s Bureau of Economic Analysis in the fall 2020, according to UOG. The report also predicts a stable 0% to -0.2% growth in 2020.