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LatinNews Daily - 02 November 2021

In brief: Costa Rica’s central bank raises growth forecast

* Costa Rica’s central bank (BCCR) has raised its GDP growth forecast for Costa Rica to 5.4% in 2021, up from 3.9% in its previous (July) forecast. A BCCR report said that national economic activity had continued to strengthen, following the 4.1% fall in GDP registered in 2020 as a result of the coronavirus (Covid-19) pandemic. The BCCR said that “available figures” indicate that production in the third quarter of 2021 could have returned to pre-pandemic levels earlier than forecast. The report highlights sectors linked to tourism as those driving recovery, which were among the most affected by the pandemic.

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