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Unemployment in Costa Rica reaches 24%, the highest in its history
Costa Rica
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Costa Rica
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Unemployment in Costa Rica reaches 24%, the highest in its history

AFP and The Tico Times - August 6, 2020

Unemployment in Costa Rica reached 24% in the April-June quarter, the highest on record, as the country continues to suffer the economic effects of the coronavirus pandemic.…

Pandemic could widen economic gender gap, IMF warns
Costa Rica
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Costa Rica
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Pandemic could widen economic gender gap, IMF warns

AFP and The Tico Times - July 21, 2020

The coronavirus pandemic could jeopardize progress made by women over the last three decades in narrowing the economic gap between themselves and their male counterparts, the International…

Unemployment in Costa Rica reaches 20.1%, the highest in its history, in midst of pandemic
Costa Rica
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Costa Rica
1908 views

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…

OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic
Costa Rica
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Costa Rica
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OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic

AFP and The Tico Times - July 16, 2020

The Organization for Economic Cooperation and Development (OECD) on Wednesday urged Costa Rica to maintain rigorous fiscal discipline as seeks economic recovery once it overcomes the COVID-19…

Costa Rica expects fiscal deficit to increase to 9.7% of GDP due to pandemic
Costa Rica
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Costa Rica
1099 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
1876 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
1102 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
1028 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…

Costa Rica to become first Central American country in the OECD
Costa Rica
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Costa Rica
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Costa Rica to become first Central American country in the OECD

AFP and The Tico Times - May 15, 2020

Costa Rica was invited Friday to join the Organization for Economic Cooperation and Development (OECD), an international forum to coordinate economic and social policies. "OECD Secretary General…