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Its forecast is based on good results by the agricultural sector, which could grow 2.5%, up from 1.7% in 2009.
"The bank also expects recovery in commerce and mining (2% and 0.7% respectively). Construction is expected to remain negative at -7.1%, albeit better than in 2009, when it dropped -13.4%", reported Prensalibre.com.
Source: prensalibre.com
More on this topic
October 2011
Between January and July the Gross Domestic Product (GDP) grew by 3.8% compared to the same period in 2010.
According to a report by Aldesa :
In terms of components, final household spending remains strong, growing by 4.8% in the indicated period and keeping in line with the expectations of the Central Bank of Costa Rica (BCCR), which estimates that domestic demand this year will be main driver of economic activity.
December 2009
Economic recovery from the international crisis in Latin America and the Caribbean will be quicker than expected a few months ago.
In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean 2009, the regional commission of the United Nations projects positive growth rates for most countries, but explains that there is still doubts about whether this recovery will be sustainable over time, given that the external scenario continues uncertain, which may affect growth expectations in the region.
September 2009
The Government confirmed the reduction of the economy in 2009; GDP variation will be around -2.5% by the end of the year.
The new figure comes after reviewing macroeconomic data, as the initial forecast was -1%.
"For 2010, we had forecasted zero growth, but after the revision, we are expecting positive growth between 0.5% and 1%", said Alex Segovia, head of the Technical Secretary, to newspaper Elsalvador.com.
February 2012
During the next 5 years, trade in Panama will grow at an annual rate of 9.11%, later reducing between 2017 and 2022 to 8.68%.
The data comes from a study by the HSBC Group, who attributes the rapid growth to the expansion of the Canal.
By 2026, trade will have increased by 229.17%, based on rates in 2011.
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