Weekly Report - 07 July 2016 (WR-16-26)

COSTA RICA | GDP growth. Costa Rica’s economy picked up speed in the first quarter of 2016, thanks to an increase in goods and services exported, according to figures released by the central bank. The economy grew by 5.4% year-on-year in the first quarter, following a 4.5% expansion in the final quarter of 2015. Exports increased by 17.5% year-on-year to US$2.473bn, while domestic consumption grew by 2.3%.