LatinNews Daily - 13 April 2021

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), which showed a 4.7% year-on-year decrease in February as a result of the impact of the coronavirus (Covid-19) pandemic. The sectors most impacted were hotels & restaurants, which registered a 50.6% year-on-year decline and transport & storage (-20.8%). The figures showed positive growth in some sectors, however, including mining & quarries (2%); manufacturing (2.4%); and information & communications (1.7%). According to the latest (29 March) World Bank (WB) report, Costa Rica’s GDP shrank by 4.6% in 2020. The WB is forecasting Costa Rica’s GDP will grow 2.6% in 2021.

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