Monday 17 May 2021

President Solis Fears Higher Unemployment, Accepts Some Of The Blame

President Luis Guillermo Solis speaking to the business services sector on Friday. Photo Casa Presidencial
President Luis Guillermo Solis speaking to the business services sector on Friday. Photo Casa Presidencial

(qCOSTARICA) A possible deterioration in employment opportunities, particularly among the poorest areas of the country, has President Luis Guillermo Solis worried.

He expressed his concern on Friday, after learning of the Banco Central’s (Central Bank) 2015 national economy growth projections dropping from a forecasted 3.4% to an expected 2.8%.

- Advertisement -

Solis said this occurs due to the effect of climate in agricultural areas, the consequences of the changes made by Intel and low public investment.

The last factor, the President recognizes it as part of his responsibility, admitting “insufficient” the efforts of his government of 15 months.

Although “responsibility always falls on the government”, the President noted that the factors threatening the national economy “are not attributable to the economic policies of his administration.”

Disturbing for the President, is the deficit, which is now 5.9% of the Gross Domestic Product (GDP) – Producto Interno Bruto (PIB) in Spanish.

- Advertisement -

Solis said that if the Legislative Assembly does not approve the tax laws, the deficit could reach 6.5% next year and continue to increase “up to 17% or 18%”.

Currently, Costa Rica’s unemployment rate is “a little over 10%, but we know it is much higher in the rural areas”, said President Solis.

“Employment will not improve substantially. There will be a strong effect in the area of less skilled jobs, in pineapple and banana plantations, but also squash, papaya and milk. This overwhelms us,” admitted the president about one of the issues that most worries people, according to surveys.

“I do not see mistrust,” said Solis after the breakfast meeting at the Real Continental with the businesses service sector, organized by the Costa Rican Coalition for Development Initiatives (CINDE).

“Foreign investment has confidence in Costa Rica; its present, its growing and projections are for continued growth,” said Jose Rossi, president of CINDE.

In closing, President Solis highlighted the growth in the tourism sector up to 11% and said he will continue to participate in missions organized by the CINDE to attract international investment, as he done until now.

- Advertisement -


- Advertisement -

We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

"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

Q Media supports AmCham initiative to request donation of vaccines to the United States

QCOSTARICA - The Costa Rican North American Chamber of Commerce (AmCham)...

Farmer’s fairs remain fertile despite the effects of the pandemic

QCOSTARICA - Despite the effects of the pandemic, "ferias" (farmers fairs)...


These are the new sanitary measures that will be applied in May

QCOSTARICA - At the press conference from Casa Presidencial that started more than 15 minutes this afternoon, the government announced new sanitary measures that...

How to Make the Most Out of Your Travel Experience

There’s no one out there that doesn’t love the sense of adventure that comes with exploring a new place. Whether you’re planning a short...

Who are the richest entrepreneurs in the region?

QCOSTARICA - 2020 was marked as a complex year worldwide due to the Covid-19 pandemic, however, the following are entrepreneurs who were not only...

Protesters tried to block roads, but Police prevented closures

QCOSTARICA - Small groups of protesters tried to block several routes in the country on Monday, but the Fuerza Publica (National Police) managed to...

Why Colombian protesters are taking to the streets

QCOLOMBIA – For the past two weeks, mass protests that started on April 28, have rocked Colombia, leaving at least 42 people dead and hundreds...

Costa Rica ranks first in human talent in Central America

QCOSTARICA - The Global Talent Competitiveness Index (IGCT) 2020 revealed that out of 132 countries, Costa Rica ranks 37th in human talent with a...

27-year-old connected to an ‘artificial lung’ for 111 days after infected with covid-19

QCOSTARICA - In contrast to the belief that only the old get deadly sick after being infected with covid-19, a 27-year-old old and a...

A perfect storm: What’s behind the Colombia protests?

QCOLOMBIA – Colombia has been roiled by nationwide, anti-government protests for more than two weeks, with the city of Cali emerging as the epicenter. Protesters...

Can scientists predict all of the ways the coronavirus will evolve?

Late last year, three distinct and fast-spreading coronavirus variants were observed in the UK, South Africa and Brazil. More recently, variants in India, the...


Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

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.