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LatinNews Daily - 01 June 2021

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In brief: OECD expects gradual recovery for Costa Rica’s economy

* The Organisation for Economic Co-operation and Development (OECD) has released a new report which predicts that Costa Rica’s GDP growth will recover gradually to 2.5% in 2021, supported by strong external demand from Costa Rica’s main trade partners. According to the OECD, domestic demand “will strengthen in the second half of 2021, as economic restrictions are gradually lifted and the vaccine campaign progresses”. The OECD also expects inflation will slowly increase but remain below the 3% target rate as spare capacity remains large.