• Costa Rica Coffee Guide

Costa Rica’s economy to grow less than expected this year

June 17, 2013

Central Bank President Rodrigo Bolaños said Tuesday that economic growth this year will be less than the 4 percent forecast in January.

Bolaños did not offer new growth projections, saying only that he expects those numbers to be ready next month.

The announcement comes at the same time that the Central Bank revised its calculation of the Monthly Index of Economic Activity (IMEI) after detecting an error in the computer system that registers the country’s foreign trade, specifically figures related to free-zone based businesses.

The correct value for the first four months of 2013 is now 2.1 percent, instead of the 3.4 percent previously reported.

The correction creates a larger deficit in the trade balance as the adjustment was recorded in the country’s export figures.

Annual inflation is expected to remain within the 5 percent forecast, Bolaños said.

You may be interested

Tourists have high perception of Costa Rica during Covid, survey says
Costa Rica
1 views
Costa Rica
1 views

Tourists have high perception of Costa Rica during Covid, survey says

The Tico Times - April 21, 2021

A survey of tourism professionals in Spain has recognized Costa Rica among the best-perceived international destinations during the pandemic. The…

Costa Rica has received 1.1 million Covid vaccines, applied 700,000
Costa Rica
1 views
Costa Rica
1 views

Costa Rica has received 1.1 million Covid vaccines, applied 700,000

The Tico Times - April 21, 2021

Costa Rica received a shipment of 118,000 Pfizer/BioNTech coronavirus vaccines on Tuesday night and has been delivered 1.14 million total…

Review: Invictus Restaurant, Lounge and Sports Bar
News
4 views
News
4 views

Review: Invictus Restaurant, Lounge and Sports Bar

Chris Howard - April 21, 2021

I was contacted by the Tico Times to write a review of a restaurant in Escazú. Ironically, it turned out…