Economic Growth the Slowest in 6 Years

September 19, 2008

Costa Rica’s economy continues to grow at the slowest rate in the last six years. The Central Bank’s Monthly Index of Economic Activity shows the economy grew just 2.5 percent year-over-year in July, its lowest rate since 2002.

That’s down from June’s year-over-year rate of 2.6 percent (TT, Aug 15).

According to the index, the manufacturing industry has fallen the most over the last year, contracting by 5.04 percent.

Construction, on the other hand, appears to be picking up slightly, though it continues to grow close to its slowest rate of the last two years.

 

Facebook Comments

You may be interested

Court rejects tax reform and asks legislators to eliminate four points
Costa Rica
831 views
Costa Rica
831 views

Court rejects tax reform and asks legislators to eliminate four points

Luis Fernando Cascante / Semanario Universidad - October 17, 2018

Costa Rica's Plenary Court has rejected the proposed tax reform bill in its current state and asked the members of…

30 protesters released from prison in Nicaragua
News
840 views
News
840 views

30 protesters released from prison in Nicaragua

AFP / The Tico Times - October 17, 2018

Nicaraguan President Daniel Ortega freed 30 political opponents on Monday, an action greeted with relief by human rights organizations. They…

La Sele continues to struggle, falls to Colombia, 3-1
La Sele
819 views
La Sele
819 views

La Sele continues to struggle, falls to Colombia, 3-1

Alejandro Zúñiga - October 17, 2018

One of La Sele’s shining moments happened right there, at the Red Bull Arena, a little over a year ago.…