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Economy / Costa Rica

Macroeconomic Forecast Costa Rica

April 2012 | Macroeconomic Forecasts

BMI VIEW: Trade data for February confirms our current account forecast for Costa Rica, which we believe will reach -8.6% of GDP by the end of 2012, deteriorating from -6.3% in 2011. Rising imports, on the back of strong private consumption, are weighing down on Costa Rica's trade balance, and grew by 14.0% y-o-y in February. On the other hand, exports only grew 3% y-o-y in February, and were negatively affected by declining coffee prices.

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