Saturday 10 January 2009, San José, Costa
Rica
Death Toll Rises To
30,
100 More Still
Missing
Tourists Evacuated After
Fatal Quake
You Too Can Help
Cinchona
Completely Disappears Off The Map
Armed Forces
Lower
Inflation Expected In
2009
Pizzeria Staff Takes
Savings to Costa Rica
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Lower
Inflation Expected In
2009
2009 is expected to be a
difficult year as many
will have to think twice
before spending or
investing a single colón.
However, not all is bad
news, says the Instituto
Nacional de Estadística
y Censos (INEC), as they
predict that the
inflation rate will be
much lower than the
13.9% of 2008.
Economists believe that
the government policies
will put the brakes on
inflation, although the
emphasis should be more
on creating employment
and attract investors to
the country.
The analysis is based on
government monetary
policies and credit
restrictions that were
placed at the end of the
2008, including raising
interest rates.
Johnny Alvarado, an
economist for the
Universidad de Costa
Rica, believes that the
2009 inflation will be
between 8% and 10%, as
long as the country
continues to drop
gasoline and food
prices.
Alvarado suggests that
tightening the belt and
watching expenses will
be key to surviving
2009.
"Given the economic
conditions that will
prevail during 2009, it
is recommended that
Costa Ricans in general
care for our work or our
company and that we are
able to strengthen our
position in the company
or organization in which
we work and be eligible
for positions of greater
responsibility and be
better paid", said
Alberto Franco an
economist for
Ecoanálisis.
Economists also believe
that Costa Ricans have
to learn to live within
their financial means,
not spending more than
earnings, not to get
into debt and to
maximize resources and
begin saving. |
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