Monday 25 September 2023

These 3 factors that will lead Costa Rica to higher growth

Paying the bills


“Liar”, “corrupt”: Words Ticos associate with Chaves

QCOSTARICA (Crhoy) Since Rodrigo Chaves Robles took office in...

“There is a competition between left and right populism on the continent”

Q24N -- Populism, “an unwanted child of democracy,” is...

President Chaves to visit Panama amid migration crisis

QCOSTARICA -- Costa Rica's President Rodrigo Chaves is planning...

Fatphobia in Costa Rica out of control

QCOSTARICA -- In the era of social media, where...

Is Costa Rica’s ‘Blue Zone’ vanishing?

QCOSTARICA -- The shrinking of Costa Rica’s Blue Zone...

Costa Rica clarifies tax treatment of crypto-assets

QCOSTARICA - Costa Rica's tax authority - issued a...

U.S. Returns Historical Indigenous Artifacts to Costa Rica

QCOSTARICA -- NBC6 Miami reports that several pre-Columbian artifacts...

Dollar Exchange

¢538.05 BUY

¢543.60 SELL

23 September 2023 - At The Banks - Source: BCCR

Paying the bills


QCOSTARICA — Production in Costa Rica is now estimated to increase by 4.2% instead of the previously estimated 3.3%, which is expected to bring about job opportunities, steady interest rates, and more investment.

According to Pablo González, an economic analyst for the Mercado de Valores (Costa Rica’s Stock Market), various factors are contributing to this increase, such as greater external demand resulting from a rise in exports and a strong performance of the Special Production Regime, particularly in the medical equipment sector.

- Advertisement -

Optimism is widespread in most sectors, apart from trade, transportation, and agriculture.

The figure had shifted compared to May, yet there are still potential dangers that may impede this forecast.

Reduced economic growth in major trading partners like the US and Europe, along with escalated geopolitical conflicts and their impact on trade and raw material prices, are a few of the hazards highlighted by Róger Madrigal, President of the Banco Central de Costa Rica (BCCR) – Central Bank.




- Advertisement -


- Advertisement -
Paying the bills
Avatar photo
"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

Ticos see the possibility of an economic crisis as very distant

QCOSTARICA -- The number of people who believe that Costa Rica...

Dollar exchange reference rate at it’s lowest point in nine years

QCOSTARICA -- The reference sale of the U.S. Dollar against the...

Subscribe to our stories

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

%d bloggers like this: