Costa Rica Economy Gaining Momentum – Central Bank

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    Costa Rica’s Central Bank reports the economy recovered very well in 2011 with steadily positive results for 11 out of 12 months. While 2010 was a hard year.

    Averages remain steady and positive for 2012 with data available only up to March and although production numbers recently declined, the economy is seeing good momentum.

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    The Central banks good news on the economy is cautious and numbers are moving up the upswing but slowly. The Central Bank’s projected a forecast 4 percent GDP growth this year.

    Stronger-than-expected demand for Costa Rican export products in the United States sit he main reason for Costa Rica’s continued economic improvement, as well as improved manufacturing and financial service. As well construction while still slow is recovering as well.

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