Referring to this issue, the Department of Analysis and Investment Strategy, Aldesa, described the Central Bank of Costa Rica as "very optimistic".
Recently the Central Bank of Costa Rica (BCCR) released the market mid-year review of the macroeconomic program.
Despite the deterioration in the international economy, both real and in financial planning, the BCCR raised its projection for economic growth this year, from 4.3% to 4.5%. According to the company, this growth will be mainly driven by domestic consumption.
Contrary to the position of the BCCR, ECLAC estimates an increase of 3.2% for Costa Rica, due to slower growth of business partners and a moderate boost in domestic demand.
The economic data available for May shows a weak economy, with an average growth (measured by IMAE) of 3.5%, after 7 months of being down.
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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.
May 2008
El Salvador's Economic Cabinet announced that its projection for economic growth this year has been reduced from 4.5 to 4 percent.
The new estimate is in line with those of the Economic Commission for Latin America and the Caribbean and Fitch Ratings. But the International Monetary Fund takes a gloomier view: it predicts 3 percent growth in El Salvador this year.
August 2008
After reaching a growth of 5.7% in 2007, the economy suffered a strong slowdown to the point where CEPAL is projecting a growth of 4.3% for 2008 and 4.0% in 2009.
The slowdown of the economy comes with an increase in inflation, which means there will be an increase in the monetary policy interest rates, and this will in turn cause the growth of the Gross Domestic Product (GDP) to shrink.
December 2011
The Central Bank of Costa Rica (BCCR) has announced that the country will close 2011 with a growth rate of 4% and a fiscal deficit equal to 5% of GDP.
Rodrigo Bolanos, president of the BCCR said at a press conference that the growth of 4%, is lower than last July’s projection of 4.5%.
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