Costa Rica: Staff Report for the 2002 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 082
Publication date: March 2003
ISBN: 9781451809619
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Labor , Economics- Macroeconomics , Public Finance , ISCR , CR , Eurobond issue , wage bill , staff appraisal , Eurobond , state telecommunications , government control , anti-money laundering regime , debt ratio , Public sector , State-owned banks , Commercial banks , Offshore financial centers , Central America
Summary
This 2002 Article IV Consultation highlights that since 2000, economic growth in Costa Rica has slowed to about 2 percent. Inflation has remained at 10 percent, and unemployment has remained at about 6 percent. The external current account deficit has increased to about 5.5 percent of GDP, reflecting a sharp increase in imports of capital goods by public enterprises, and a loss of dynamism of exports, associated in part with some weakening of international competitiveness. Progress in other areas of structural reform has also slowed in recent years.
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