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    Costa Rica: Economic Growth Lower than Initially Expected

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    The Costa Rica News (TCRN) – The Central Bank of Costa Rica (BCCR) reported today that the country’s economic growth in 2013 will be less than 4% projected in the macroeconomic program, after detecting an error in a computer system.

    Central Bank President Rodrigo Bolaรฑos, said Tuesday at a press conference that the gross domestic product (GDP) this year will be less than 4%, without specifying what the new time projection, expected to be ready to later this month according to official information.

    Bolanos made the announcement at a time when the central bank fixes the calculation of the Monthly Activity Index (MIEA) after detecting an error in the computer system that counts the country’s foreign trade especially that related to zones.

    The Costa Rican Central Bank corrected downward through IMAE first four months of 3.4% to 2.1%.

    With the corrections, the monthly index growth zone activity from 10.3% to 0.5%, and manufacturing activity also varied from 4.5% to 0.6%, according to the official information.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

    Resonance Costa Rica
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