Caribbean & Central America - August 2011 (ISSN 1741-4458)

GDP: On 19 July the Banco Central de Costa Rica (BCCR) raised its real annual GDP growth forecasts for 2011 and 2012. The 2011 forecast was lifted to 4.5%, from 4.3% previously, while the 2012 forecast rose to 4.7%, from 4.5% previously. In 2010 real annual GDP growth came in at 4.2%. Rodrigo Bolaños, the president of the BCCR, noted that economic growth had been a bit faster than the government had expected in the first five months of 2011, hitting 4.4%, thanks to a strong performance by the services sector.

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