The Ninth Edition of the Deloitte Business Barometer shows a deterioration in view of the economic situation of the country for the next 12 months.
From a statement issued by Deloitte:
According to data collected during the ninth edition of Deloitte Business Barometer conducted in October and November, the results show a deterioration in the vision of entrepreneurs regarding the economy compared to May-14 survey.
On the one hand, there is a decrease in the percentage of those who believe that the economic situation is better compared to a year ago (14.8% vs 16.3% in May-14) and on the other, the percentage of those who believe that the economy is on an equal footing to a year ago dropped (52.6% vs 59.9%).
A strong increase was also seen in the number of entrepreneurs who believes that the investment climate is worse than a year ago (56.7% vs 45.2% in May-14).
The assessments of business relating to macroeconomic performance in the near future are not very encouraging, having recorded a deterioration in the answers in respect to the results reported in the previous edition.
Source: Centralamericandata.com
This decline in the Costa Rica Economy for 2015, was foreseeable for some months now. The investment climate has been ruined by the negative Government policies toward business investment and the anti-entrepreneurial spirit that exists in Costa Rica in general. Public Sector employment is promoted over the Private Sector, a very unhealthy position for any country’s Economy to be in.