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COSTA RICA |
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Costa Rica's Economy Doing Better, But
Unemployment Levels Worrisome
The Banco Central de Costa Rica (BCCR) -
Central Bank - says the Costa Rican economy
is recuperating from the economic crisis of
the past year, however, unemployment
continues to be a stickler.
The bank's Índice Mensual de Actividad
Económica (IMAE) - monthly economic activity
index - shows a marked improvement in the
economy, though it is still lower than
levels recorded last year.
The worrying point is the high rate of
unemployment, especially in areas of
construction, hotel industry and
agriculture, which are still showing levels
of activity lower than August last year.
The report predicts the inflation rate to
close this year at 5% and drop of the
Producto Interno Bruto (PIB) - Gross
National Product - by at least 1.3%.
According to the Central Bank, the challenge
next year is to keep inflation low, reduce
unemployment and invest in infrastructure.
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