Saturday 25 September 2021

Costa Rica Retail Sector to Grow 2.8% in 2018

The Costa Rica Chamber of Commerce expects retail commerce will slow in 2018 but will keep hiring levels.

Paying the bills

Latest

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...

There are potholes and then there are potholes!

QCOSTARICA - Imagine your vehicle being devoured by a...

Today’s Vehicle Restriction September 25: “EVEN” ending plates CANNOT circulate

QCOSTARICA - For today, Saturday, September 25, vehicles with...

Legislators to begin discussion on reducing the 2022 Marchamo this Monday

QCOSTARICA - The political fractions, except that of the...

No National Census in 2022!

QCOSTARICA - The Instituto Nacional de Estadística y Censos...
Paying the bills

Share

The Cámara de Comercio de Costa Rica (CCCR) – Costa Rica Chamber of Commerce – expects retail activities for this year (2017) to close with a relatively low growth of just 3.3%, driven in particular by sales of the subsectors of electronics, household products, food, beverages and tobacco, that showed a growth of greather than 4%.

The subsectors of electronics and household products, food, beverages and tobacco showed growth of more than 4%, mainly due to improvements in marketing strategies and the opening of new points of sale. Photo Eyleen Vargas, El Financierio

For next year, 2018, the trade association projects a slight deceleration, a growth of only 2.8% over this year.

- Advertisement -

Alonso Elizondo, executive director of the Chamber, explained to Elfinancierocr.com that “… in these situations, the country’s economic conditions caused a deceleration in consumption. The most recent Consumer Confidence Index (CCI), measured by the University of Costa Rica, showed that Costa Rican consumer confidence continues to deteriorate and has been down for six months. In addition, contrary to the trend seen a few years ago, the proximity of payments of bonuses and end-of-year festivities did not cause a recovery effect.”

“… In the panorama for the next year they highlighted the participation of Costa Rica in the World Cup in Russia. “It is an event that will boost the economy, increasing consumption of food, clothing, footwear, and television screens, mainly. It is expected that this time there will be behavior similar to that seen during Brazil 2014′.”

The CCCR also announced four areas or priority work topics for the commercial sector facing the presidential hopefuls.

They are: informality, illicit trade, competitiveness and trade facilitation.

The Chamber developed a document, called “Política para el Sector Comercial” (Policy for the Commercial Sector), in which it exposes each one of those problems and their respective actions to solve them.

Source: elfinancierocr.com

- Advertisement -

- Advertisement -
Paying the bills
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

Costa Rica has the lowest inflation in the region

QCOSTARICA - Costa Rica registered the lowest inflation in the Central...

The sacrifices of Nicaraguans abroad fuel increased remittances

Q REPORTS - Mildred Duarte, 31, is exhausted. She wishes she...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.