Propects for the new year in Costa Rica

Continuing with the transition from a turbulent end of year in 2008, Costa Rica and its business community should prepare for an even more problematic year in 2009.

Wednesday, January 7, 2009

"Now, with the economy in decline, companies in Costa Rica have to learn to compete in a field where powerful multinational companies and other competitors fight to the relatively small but important Central American market.

With this introduction, CostaRicaPages analyzes various topics which will define the future of the country base on "how the population chooses to react to them ..."

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Guatemala Over the Next 20 Years

September 2012

Projections have been released by the Ministry of Planning on cities, water, energy, population, employment, production, economic development priorities, education, land use, safety, infrastructure and logistics.

With the title "Guatemala 2032, A Vision for the new Katun", the Ministry of Planning and Programming of the Presidency (Segeplan) has presented a document that attempts to visualise Guatemala over 20 years, and the stages within this transition.

Panama as seen by the IMF in February 2012

March 2012

Macroconomic stability and policies of greater social inclusion have reduced unemployment rates to historical levels and improved poverty levels.

A press release issued by the IMF on March 16th, 2012, says:

IMF Executive Board Concludes 2011 Article IV Consultation with Panama

Economic Activity Declines in El Salvador

November 2010

The FUSADES report notes that the Salvadoran economy has declined and stagnated to 2007 levels.

Fusades presented the results of the Economic Situation Report July-September 2010.

The slight recovery observed during the second quarter of 2010 shows signs of exhaustion in the third quarter, referring to short-term indicators such as IVAE and employees contributing to the ISSS.

Costa Rica as seen by IMF

October 2009

Costa Rica: Staff Report for the 2009 Article IV Consultation and First Review Under the Stand-By Arrangement.

The global crisis has hit Costa Rica hard. After experiencing an economic boom with output growth averaging 6.6 percent during 2003–2007, the Costa Rican economy decelerated sharply in 2008 as output growth turned negative in the fourth quarter of 2008 (-1.7 percent compared to the same quarter of the previous year) and continued to decline in the first quarter of 2009 (-4.8 percent). A major correction in inventories and a decline in sectors most dependent on external conditions were key factors behind the slowdown. Nonetheless, the decline in output appears to be approaching an end. The index of economic activity rose 1.2 percent on a quarter-on-quarter basis in the second quarter of 2009, as output in key sectors stabilized. At the same time, inflation remained on a firm downward path, falling from 13.9 percent in December 2008 to 5.7 percent in August 2009, its lowest level in over 30 years.

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