Costa Rica Economic Activity June 2020

Costa Rica

Costa Rica: Economic activity dives again in June

September 9, 2020

Economic activity decreased 7.4% in year-on-year terms in June, following May’s 7.2% drop, according to the Central Bank of Costa Rica’s monthly activity index.

June’s reading reflected the negative economic impact of the containment measures imposed earlier this year to stop the spread of the coronavirus. In terms of sectors, the drop was broad-based: The transport, retail, and hotels and restaurants sectors were the most hurt, while the other services and construction sectors dropped at much softer paces.

FocusEconomics Consensus Forecast panelists project the economy to contract 4.2% in 2020, which is down 0.5 percentage points from last month’s forecast. In 2021, panelists forecast the economy to grow 3.0%.

Author:, Junior Economist

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Costa Rica Economic Activity Chart

Costa Rica Economic Activity June 20 20

Note: Year-on-year changes and annual average variation of trend-cycle economic activity in %.
Source: Costa Rica Central Bank (BCCR).

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