Macroeconomic Forecast Costa Rica

The recent fall in commodity prices may help Costa Rica to slow the expansion of its widening current account deficit, should the slump remain sustained. Whilst growth and domestic consumption will continue to sustain imports, a slackening off of global commodity prices would help to reduce the overall balance, whilst trade figures for 2010 show an increase of 24% in exports to the U.S. Nevertheless, we still expect to see the current account deficit widen over the coming quarters.

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