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Unemployment in Costa Rica reaches 15.7%, the highest in its history
Costa Rica
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Costa Rica
1762 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
1034 views

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
997 views

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
937 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
1827 views
Costa Rica
1827 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
722 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
646 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
882 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…

Facing rising deficit, Costa Rican government announces fiscal consolidation plans
Costa Rica
961 views
Costa Rica
961 views

Facing rising deficit, Costa Rican government announces fiscal consolidation plans

The Tico Times - February 11, 2020

Facing a fiscal deficit that reached 6.96% of GDP in 2019, the country's highest figure in decades, the Costa Rican government on Monday announced a plan that…

Unemployment in Costa Rica rose to 12.4% at the end of 2019
Costa Rica
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Costa Rica
1659 views

Unemployment in Costa Rica rose to 12.4% at the end of 2019

AFP and The Tico Times - February 6, 2020

Unemployment in Costa Rica grew to 12.4% at the end of 2019 and is one of the highest in Latin America, the country's official statistics agency said…