Costa Rica

Outlook Deteriorates on Disappointing Growth Figures

The outlook for economic growth has deteriorated further after the economy plummeted in the first quarter. Moreover, as the industrial sector continues to dwindle driven by the recession in the United States, the economy is set to experience the first full-year contraction in more than two decades. On a positive note, sequential indicators signal that the pace of contraction is moderating and that the economy may bottom out in the coming months.