Businesses Rate Laura Chinchilla Government Harshly

The perception of retailers coincides with the decline in business confidence in this sector.

Wednesday, December 7, 2011

A press release from the Costa Rican Chamber of Commerce reads:

A study by the Costa Rican Chamber of Commerce showed that businesses rated the administration of President Laura Chinchilla as negative, giving an average score of 4.7 on a scale of 1 to 10.

The consultation was part of the Confidence Index of the Business Sector, that the institution conducts every three month. Such negative perception is shared by all companies regardless of size, with midsize companies being the most critical of the work of the current government.

These results are in line with the drop in confidence in the economy and in employment in the short term. The main reason cited by these businessmen is lack of direction from the government (28%)

In this latest survey, the confidence index stood at 101 points, unchanged from the third quarter of this year and slightly above the minimum threshold of trust. The perception among companies about the current economic situation continues to deteriorate (-3) compared to previous quarters, while expectations about the future situation improved slightly (+4).

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