After three consecutive quarters of contraction, recent data suggest that the economic contraction has bot..."> After three consecutive quarters of contraction, recent data suggest that the economic contraction has bot..."/>
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Country Report Costa Rica

After three consecutive quarters of contraction, recent data suggest that the economic contraction has bottomed out in Costa Rica. The government's policy of increasing wages has cushioned the fall of private consumption, as result of which we have revised our forecast for GDP in 2009 slightly, form a contraction of 4% to a contraction of 3.8%. Our estimates assume a gradual recovery starting in late 2009, helped by government support through the Plan Escudo and a lower base of comparison. In line with global-and particularly US-trends, the 2010 recovery will be moderate (3.6%), owing largely to a pick-up in manufacturing, exports and domestic demand. The impact of recession on employment will be keenly felt and will be only partly offset by employment creation in the public sector within the framework of the Plan Escudo. Provisional figures indicate a decrease in private-sector jobs and a subsequent rise in unemployment, which we expect to average 6.4% in 2009. Also, although DR-CAFTA will provide a floor to the forecast decline in investment, particularly in telecommunications and insurance as both open up to competition, tough financing conditions and a contraction in contruction activity are expected to cause investment to fall by 15.6% in 2009. The recovery in investment in 2010 will be relatively modest, at 5%, supported by DR-CAFTA-related investment.

Ketersediaan
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1982.1
Tersedia
Informasi Detail
Judul Seri
-
No. Panggil
330.972.860.5 EIU c
Penerbit
London, United Kingdom : Economist Intellence Unit (EIU).,
Deskripsi Fisik
27 cm x 21 cm, 41 hlm
Bahasa
Inggris
ISBN/ISSN
1366-4026
Klasifikasi
-
Tipe Isi
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Tipe Media
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Tipe Pembawa
-
Edisi
-
Subjek
Economic Report - Costa Rica
Info Detail Spesifik
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Pernyataan Tanggungjawab
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