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Economy / Costa Rica

Macroeconomic Forecast Costa Rica

January 2011 | Macroeconomic Forecasts

BMI View: The Costa Rican colón finished 2010 on something of a weak note, depreciating throughout the latter half of December to close the year at CRC503.10/US$. Heading into 2011, however, we believe the unit will remain on its longer-term appreciatory course as the country's economic recovery continues, and forecast an average exchange rate of CRC490.00/US$ in 2011, considerably stronger than the CRC520.15/US$ average recorded in 2010.

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