Macroeconomic Forecast Costa Rica

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Costa Rica's trade deficit is still on course to come in around our year-end forecast. Two-thirds of the way through the year (January-to-August), the balance was US$2.11bn in shortfall, putting it on pace for a US$3.17bn outturn. That would be higher than our US$3.10bn forecast, but we think that the recent easing of global crude oil prices will allow for a slight moderation in the rate of import growth by