The survey was conducted between January 28 and February 11 among consultants, entrepreneurs, and financial and stock analysts and showed a higher percentage than the 79.4% observed during the previous quarter.
Mary Siu Lanzas wrote in Prensalibre.co.cr: "On this question, the percentage of those who were unsure decreased with respect to the previous application, going from 20.6% in the fourth quarter of 2008 to 18.2 % in the first quarter of 2009. Of the 81.8% of respondents who believe that the situation is not favorable, 57.6% justified his/her response with the fact that the global economic crisis will contract both external and internal demand, 24.2% attributed it to a scenario of uncertainty and 15% pointed to insufficient credit. Only 6% blamed the policies of the BCCR.”
Inflationary pressures, increases in the exchange rate, credit restrictions and higher energy prices are a few of the causes.
Although the majority of Costa Rican businessmen continue to be optimistic about the direction the country is heading, the quarterly poll "Pulso Empresarial" - or Business Pulse in English - showed a 10% drop in the confidence level in comparison to previous polls.