Costa Rica trade deficit narrows
Costa Rica´s trade deficit has fallen 66 percent from the rate registered during the same period last year, as imports fell more quickly than export numbers, according to data released Friday by the Central Bank.
In the first four months of this year the trade deficit reached $617.6 million, far below the more than $1.8 billion registered after four months into 2008.
Imports are at almost $3.4 billion, a more than 30 percent drop from the $5.1 billion in imports registered through April 2008.
Exports also continued to tumble – albeit more slowly – grossing less than $2.8 billion, about 15 percent below the almost $3.3 billion in goods exported during the same period last year.
The news came after Central Bank President Francisco De Paula Gutiérrez once again readjusted the bank´s economic outlook for 2009.
The economy will contract 1.8 percent, he said Thursday, a substantial change from a more optimistic projection in January of 2.2 percent growth at year´s end. The bank chief also said inflation will reach 8 percent.
You may be interested
Victorious Champions coach celebrates Costa Rica-style: ‘This is pura vida’Katherine Stanley - May 27, 2018
Costa Rican superstar goalie Keylor Navas has made his mark on the field for Real Madrid, but also on the…
5 questions for Costa Rican artist Rossella MatamorosElizabeth Lang - May 27, 2018
Using art in all its possible expressions has motivated Rossella Matamoros for more than two decades. At home in Costa Rica…
Costa Rica’s Keylor Navas, Real Madrid nab third consecutive Champions titleKatherine Stanley - May 26, 2018
Costa Rica's star goalie, Keylor Navas, continued his historic march through world football as his club team, Real Madrid, won…