Tuesday 20 April 2021
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Consumer confidence improves slightly in early 2021

QCOSTARICA - Consumer pessimism decreased slightly for February 2021, compared to November of last year, however, uncertainty around the economy remains high and the exit from this trance is still slow. That is the conclusion by the results of the Consumer Confidence Index (ICC), carried...

Costa Rica, Chile and Brazil have administered the highest number of doses per capita to date.

QCOSTARICA - Widespread vaccination is the key to overcoming the COVID-19 pandemic and reinforcing the economic recovery in Latin America, Fitch Ratings said in a special report, published on Monday, February 22. The rating agency believes that the resurgence of the virus will negatively affect...

Central Bank foresees economic growth of 2.6% this year

QCOSTARICA - The Costa Rican economy will grow 2.6% this year, after a 4.5% contraction in Gross Domestic Product (GDP) last year. That was the word from Rodrigo Cubero, president of the Banco Central de Costa Rica (BCCR) - Central Bank, on Friday, January 29,...

Costa Ricans the most pessimistic in the Isthmus about the economic situation in 2021

QCOSTARICA - Costa Ricans are the Central Americans who view the country's economic future with the greatest pessimism. The least pessimistic are the Nicaraguans. The foregoing is clear from a virtual survey conducted by Kantar, the largest information, insights and consulting company in Central America &...

Tourism crisis does not yield at a time when assistance to the sector ends

QCOSTARICA - The crisis in the tourism sector does not give way and the recovery is slow, while the support of the Government has been insufficient to overcome the difficult situation, estimated both the leaders of the Chamber of Tourism (Canatur) and that of...

Unemployment in Costa Rica expected to rise in January, according to employers

QCOSTARICA - In January unemployment is expected to increase, while the economic recovery would suffer a setback, according to several business leaders consulted. The rise in unemployment is expected to occur because in January the law that allows employers to cut the working day in...

Government shows disinterest with economic reactivation

QCOSTARICA - The economic reactivation of the country and the generation of employment are not a priority for the Government. This is clear from a review of the calls for bills to the extraordinary sessions of the Legislative Assembly that the Executive Power that began...

Trouble in Paradise: Violence at protests threaten to unhinge IMF agreement in Costa Rica

QCOSTARICA - As the economic toll of the Covid-19 pandemic takes shape around the globe, the Costa Rican government finds itself in an increasingly difficult position trying to balance an exploding budget deficit with groups of protesters who oppose new borrowing or tax increases. On...

Costa Rica is the fifth country most affected by the tourism crisis, according to IMF

(QCOSTARICA) Costa Rica ranks fifth in the world in terms of tourism income, indicates the International Monetary Fund (IMF). The imbalance between exports and imports of this sector indicates that the country has an effect of close to 3% of the Gross Domestic Product (GDP). There...

Shopping malls reopen this weekend for Father’s Day

(QCOSTARICA) This weekend malls will reopen their doors this weekend, expecting greater demand and the reason why, even, the date originally established for reopening for June 21, is one day earlier, Saturday, June 20. The health guideline established by the Government, due to the coronavirus...

What Was No Longer Consumed In Economic Slowdown

In the context of the economic slowdown that Costa Rica suffered for much of last year, 40% of families restricted their purchases of clothing and footwear. One-third of households reduced their spending on meals outside the home, and in the area of other recreation or...

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