How to manage savings

Now is not the time to be spending, it is time to save; however, variations in interest rates and inflation make it difficult to decide whether to save on a short or long term plan.

Friday, February 6, 2009

Andrés Volio, a finance expert, and Alberto Franco y Roberto Venegas, both economists, give suggestions on this topic in an article published by Edgar Delgado on Elfinancierocr.com

Emphasizing that this year is a good year to save, remember that "...we are in an era of limited liquidity and banks need to capture funds so that they can continue to lend. This translates into better rates for the public and this must be taken advantage of."

More on this topic

Costa Rica and the Effects of an International Crisis

September 2011

A report by Aldesa analyzes the effects for Costa Rica of a potential international crisis.

According to Aldesa:

During this week the market has been permeated by an air of positivity due to expectations that European authorities will solve the problem of the debt crisis. However, if more events occur, there would still be risks for the global economy that could trigger a slowdown in the U.S. and Europe.

Anticrisis plant presented in Costa Rica

January 2009

The Government of Costa Rica is putting emphasis on social spending and investment in public works as measures to deal with the contraction of the economy.

Labor flexibility, expansion of unemployment benefits, adjustment of rates for credit at state banks, the reduction of work hours, increase in pension benefits, are some of the measures announced in the "Plan Escudo" (Shield Plan).

Fitch: Severe Global Recession Expected in 2009

November 2008

Fitch Ratings predicts that the world's major advanced economies will next year experience the steepest decline in GDP since World War II.

In aggregate GDP growth in these countries is expected to be (minus) -0.8% in 2009, compared to an estimated 1.1% for 2008. Tighter credit conditions, consumer retrenchment and falling corporate investment are expected to combine to deliver an unusually synchronised downturn across the advanced economies.

Old days were better days in Nicaragua

June 2008

You don't need to be an economist to see that in Nicaragua things were better in the past, and if we don't change direction the country will fall over a precipice, says Fernando Centeno Chiong.

In an opinion piece in the Nicaraguan newspaper La Prensa, Centeno says a recent report shows that expected economic growth this year will be about 2.5 percent.

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