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COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

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Costa Rica economic forecast

IMF approves $504 million loan for Costa Rica amid coronavirus

The IMF board on Wednesday approved $504 million in emergency financing for Costa Rica to help the Central American nation deal with the economic damage inflicted by the coronavirus pandemic.

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

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. 

Costa Rica’s economy will shrink 3.6% in 2020 due to COVID-19, according to Central Bank

Costa Rica's GDP is expected to decrease by 3.6% due to the COVID-19 pandemic.

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

Moody's Investor Services downgraded the Government of Costa Rica's long-term bond credit ratings to B2 from B1.

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

President Carlos Alvarado has pointed to unemployment as the main concern of his government, and the figures remain high.

Costa Rica reached in 2019 its worst fiscal deficit in decades

The figure was given despite the fact that the country adopted a tax reform at the end of 2018 that included tax increases to address the deficit.

Unemployment in Costa Rica registers slight decline but remains high at 11.4%

President Carlos Alvarado has pointed to unemployment as the main concern of his government, and the figures remain high amid a slowdown in the economy.

Costa Rica falls seven spots in Global Competitiveness Index

Costa Rica now ranks fifth in Latin America and the Caribbean.

Costa Rica announces multi-million dollar investment to stimulate economy and jobs

The Costa Rican government announced on Friday a public investment of $9.526 billion dollars.

Consumer optimism remains low in Costa Rica

A majority of consumers surveyed expect increases in interest rates on bank loans, in the dollar exchange rate and in fuel prices during the coming year.

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