Economic Growth the Slowest in 6 Years

Costa Rica’s economy continues to grow at the slowest rate in the last six years. The Central Bank’s Monthly Index of Economic Activity shows the economy grew just 2.5 percent year-over-year in July, its lowest rate since 2002.

That’s down from June’s year-over-year rate of 2.6 percent (TT, Aug 15).

According to the index, the manufacturing industry has fallen the most over the last year, contracting by 5.04 percent.

Construction, on the other hand, appears to be picking up slightly, though it continues to grow close to its slowest rate of the last two years.