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Unemployment in Costa Rica reaches 20.1%, the highest in its history, in midst of pandemic
Costa Rica
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Costa Rica
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Unemployment in Costa Rica reaches 20.1%, the highest in its history, in midst of pandemic

AFP and The Tico Times - July 16, 2020

Unemployment in Costa Rica reached 20.1% from March to May 2020, marking the highest-recorded level of that economic indicator, the official statistical agency announced Thursday. The figure…

Costa Rica expects fiscal deficit to increase to 9.7% of GDP due to pandemic
Costa Rica
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Costa Rica
1172 views

Costa Rica expects fiscal deficit to increase to 9.7% of GDP due to pandemic

The Tico Times - July 10, 2020

The Costa Rican government predicts a fiscal deficit of up to 9.7% of GDP as a result of falling revenues and expenses related to the COVID-19 pandemic,…

Unemployment in Costa Rica reaches 15.7%, the highest in its history
Costa Rica
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Costa Rica
1935 views

Unemployment in Costa Rica reaches 15.7%, the highest in its history

AFP and The Tico Times - June 19, 2020

Unemployment in Costa Rica reached 15.7% from February to April 2020, marking the highest-recorded level of that economic indicator, the official statistical agency announced Thursday. The figure…

Latin America could reach 215 million impoverished people, ECLAC warns
Costa Rica
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Costa Rica
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Latin America could reach 215 million impoverished people, ECLAC warns

Oscar Ugarte Jiménez / Semanario Universidad - June 17, 2020

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) announced Monday that poverty and extreme poverty will increase considerably in the region as a…

S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts
Costa Rica
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Costa Rica
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S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts

AFP and The Tico Times - June 10, 2020

The rating agency Standard & Poor's (S&P) on Tuesday downgraded Costa Rica's credit rating to "B" with a negative outlook in response to doubts about the implementation of…

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast
Costa Rica
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Costa Rica
1087 views

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast

Alejandro Zúñiga - June 4, 2020

Moody's Investor Services, a United States-based financial company, changed its outlook on Costa Rica's ratings from stable to negative. The move comes months after the company downgraded Costa…

Unemployment in Costa Rica was rising even before coronavirus crisis
Costa Rica
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Costa Rica
1981 views

Unemployment in Costa Rica was rising even before coronavirus crisis

AFP and The Tico Times - May 8, 2020

Unemployment in Costa Rica reached 12.5% ​​in the first quarter of this year, up from 11.3% in the same period of 2019, the official statistical agency reported…

How to support Costa Rican businesses and communities during the coronavirus crisis
Business
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Business
929 views

How to support Costa Rican businesses and communities during the coronavirus crisis

The Tico Times - April 29, 2020

While the new coronavirus hasn’t yet caused a health crisis in Costa Rica, the pandemic has had widespread repercussions for the country’s economy.  More than 550,000 Costa…

Costa Rica registers inflation of 0.29% in February
Costa Rica
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Costa Rica
766 views

Costa Rica registers inflation of 0.29% in February

AFP and The Tico Times - March 6, 2020

Costa Rica recorded an inflation of 0.29% in February, higher than the 0.11% figure in January. Still, the accumulated total over the last 12 months remained below…

Deficit leads Moody’s to downgrade Costa Rica’s credit rating
Costa Rica
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Costa Rica
1012 views

Deficit leads Moody’s to downgrade Costa Rica’s credit rating

Alejandro Zúñiga - February 13, 2020

Moody's Investor Services, a United States-based financial company, downgraded the Government of Costa Rica's long-term bond credit ratings to B2 from B1, it announced this week in…