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LatinNews Daily - 08 July 2020
In brief: Costa Rica’s Q1 GDP registers poor growth
* Costa Rica’s central bank (BCCR) has released GDP figures for the first quarter of 2020, which show that GDP grew 0.8% compared with the same period in 2019 – a marked decline on the 2.6% average growth of the previous two quarters. The BCCR states that the slowdown reflects the effects of the measures taken to stop the spread of coronavirus (Covid-19). The United Nations Economic Commission for Latin America and the Caribbean (Eclac) has forecast that Costa Rica’s GDP will contract by 3.6% in 2020.
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