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LatinNews Daily - 16 September 2020

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In brief: Costa Rica’s economic activity continues to slump

* Costa Rica’s central bank (BCCR) has published its latest monthly economic activity index (IMAE) for July 2020, which showed a 7.8% decrease year-on-year as a result of the impact of the coronavirus (Covid-19) pandemic. The sectors most impacted were hotels & restaurants which registered a 62% decline year-on-year; transport & storage (-34.8%); and trade (-16.4%). The latest forecast from the United Nations Economic Commission for Latin America & the Caribbean (Eclac) forecast Costa Rica’s GDP will shrink 5.5% in 2020, less than the 6.2% average contraction for Central America.