Macroeconomic Forecast Costa Rica

May 2007 | Macroeconomic Forecasts

BMI View: Preliminary indications suggest that the Costa Rican economy has picked up where it left off in 2006. The IMAE economic activity indicator showed growth of 7.6% y-o-y in January, similar to the figures seen over the previous six months, and an improvement from 6.8% in January 2006. While we envisage an economic deceleration this year, with real GDP growth of 5.0% (down from 7.8% in 2006), sustained high IMAE readings could lead us to revise our projections to the upside. The key downside risk to Costa Rica's outlook is a sharp dropoff in the US economy, which saw

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