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LatinNews Daily - 25 September 2020
In brief: Consumer confidence slumps in Costa Rica
* A survey by the statistics faculty at the Universidad de Costa Rica (UCR) public university has revealed that consumer confidence in the national economy is at one of the lowest points since it began running the survey in 2002, as a result of the impact of the coronavirus (Covid-19) pandemic. According to the survey, which is published every three months, the consumer confidence index (ICC) in August was 28.3 out of 100, down from 36.6 in May. The survey interviewed 701 people. The latest report from the United Nations Economic Commission for Latin America and the Caribbean (Eclac) forecast that Costa Rica’s GDP will shrink by 5.5% in 2020, less than the 6.2% average contraction for Central America.
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