The Association for Investigation and Social Studies (ASIES) carried out a moderate study of the local economy.
ASIES analyst, Carlos Gonzalez, pointed out that the unfavorable external climate resulting from the financial crisis, and the high price of oil and food - that started in 2006 and worsened in 2007, began to affect production activities during first semester of this year.
In January 2013 the Monthly Indicator of Economic Activity recorded a variation of 3.3%, whereas last year it was 7.2%.
Monthly Indicator of Economic Activity (MIEA) published by the Central Bank of Costa Rica:
The country's economic activity, as measured by the cycle of the Monthly Indicator of Economic Activity (MIEA), showed a variation of 3.3% in January 2013, lower than a year earlier when production grew by 7.2% .
The Central Bank has confirmed the decline in domestic demand mainly in agriculture, trade, hotels and restaurants, and transport and storage.
From a statement issued by the Central Bank of Costa Rica (BCCR):
The country's economic activity, measured by the cycle trend of the Monthly Index of Economic Activity (IMAE), recorded a variation of 2.9% in January 2015, 0.4% lower than that observed a year earlier when production grew by 3.3% and 0.7% lower than the average growth of the indicator in 2014 (3.5%).
As of July 2012 the Monthly Economic Activity Index is 4.5%, confirming a slowdown that began five months ago.
An article in Elfinancierocr.com reports that "This is a significant drop since last June as it was thought that the economy would advance at a rate of 5.3%. With the July data the national economic has been slowing down for the last five months, and in March a decline started in the dynamism that had been driven by the manufacturing sector. Increased activity was recorded in February when there was a figure of 7.43% in the variation of the interannual Imae. "
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