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Costa Rica Economic Activity August 2020

Costa Rica: Economic activity dives again in August

Economic activity dived 7.7% in year-on-year terms in August, matching July’s record contraction, according to the Central Bank of Costa Rica’s monthly activity index.

August’s reading reflected the blow dealt by the lockdown measures imposed to contain the spread of the coronavirus. Although some sectors suffered more than others, activity in all sectors contracted: The commerce, accommodation and food, and transportation and storage sectors were among those most affected.

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