Economy Slows Down
The rate of growth of
the economy of Costa
Rica has continued
slowing down, according
to the Banco Central de
Costa Rica (Central
Bank).
In July, the Monthly
Index of Economic
Activity increased 7.1
percent.
This was the seventh
month in a row that the
Index decreased at a
slower rate than in
January, when it went
8.5 up.
According to economist
Alberto Franco, the
de-acceleration of
economic activities is
influenced by a lower
growth of world economy,
particularly that of the
United States.
Exports from free zones
showed the slowest rates
of growth –from 7.60 to
5.67 percent–, while
construction kept on
shooting up, from 19.17
to 19.95 percent.
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