Central Bank of Costa Rica forecasts 4% growth for 2024 and 2025

Yesterday the Central Bank of Costa Rica (BCCR) through a press release informed that it estimates that the national economy will grow by 4% between 2024 and 2025, which represents a decrease compared to the year 2023 in which the economy grew by 5.1%, due to...

Published on

05/02/2024
News

Yesterday the Central Bank of Costa Rica (BCCR) through a press release informed that it estimates that the national economy will grow by 4% between 2024 and 2025, which represents a decrease compared to 2023 in which the economy grew by 5.1%, due to the deceleration of the country's main trading partners.

Among the main reasons for this slowdown are international military conflicts, which could lead to a significant increase in the price of raw materials, especially oil, slowing down or even reversing the progress made by central banks in controlling inflation.

For its part, BCCR reiterates its commitment to price stability as a necessary condition for macroeconomic stability and, consistent with this, maintains the inflation target at 3%, as well as to mitigate violent fluctuations in the exchange rate experienced since last year.

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