No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveEconomic Growth the Slowest in 6 Years

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.

 

Trending Now

Chiquita Brands Leaves Panama Amid Protests, Talks Underway to Resume

Laid-off workers from the U.S.-based banana company Chiquita Brands said on Monday that they are hoping for the company’s return to Panama, after it...

Costa Rica Green Hotels Lead Global Sustainable Tourism

Costa Rica’s reputation as a leader in sustainable tourism grows stronger every year, with our green hotels setting a high bar for eco-conscious hospitality...

Costa Rica Moves Forward with Crypto Regulation to Combat Financial Crime

Costa Rica’s Legislative Assembly has advanced a landmark bill targeting the regulation of virtual asset service providers (VASPs), aiming to bolster the nation’s defenses...

Peruvian Scientists Identify New Frog Species in Piura’s Highlands

A team of Peruvian scientists recently identified three new frog species in the misty peaks of the Huancabamba mountain range in northern Peru’s Piura...

Life After MS-13 in El Salvador as Residents Seek a Fragile Peace

Esperanza Martinez lost three relatives who were murdered and saw numerous bodies left in the streets of her neighborhood, a former stronghold of the...

Costa Rica Court Moves to Lift President Chaves’ Immunity

Costa Rica’s Supreme Court of Justice on Tuesday asked Congress — for the first time in the history of this country with a well-established...
Avatar
spot_img
Costa Rica Tours
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Rocking Chait
Costa Rica Travel

Latest News from Costa Rica