Mexico's economy expanded more than forecast for the fourth consecutive quarter in the final three months of the year as domestic consumption rebounded amid record low inflation.
The Central Bank forecasted 4.2 and 4.5 percent growth in 2016 and 2017, respectively, for the Costa Rican economy.
Costa Rica’s GDP growth for 2015 is forecast at 4.3 percent, up from 3.7 percent in 2014. While Costa Rica outperformed many of its Central American neighbors, Nicaragua and Panama are set to pull ahead in 2015 with 4.4 and 6.2 percent growth, respectively.
PANAMA CITY – The economies of Central America will grow an average of 3.5 percent this year, half a point more than that estimated for Latin America and the Caribbean, according to the Inter-American Development Bank (IDB).