Economic activity increased 4.4% year-on-year in August, mainly pushed by Free Zone companies.
With this result, the monthly index of economic activity (MIEA) published by the Central Bank of Costa Rica (BCCR) increased " ... for the fifth consecutive month and reached its highest interannual value (the variation of each month compared to the same month in the previous year) since July 2012," reported Nacion.com.
In the first half of 2012 the volume of loans to micro, small and medium enterprises reached ¢243,000 million ($485 million) in the first half of 2012.
The figure represents an increase of just 1.36% compared to the same period in 2011, lower than the inflation rate, and 39% of the projections of the Ministry of Economy, Industry and Trade for all of 2012.
The recovery which started in September 2009 has come to an end in March 2010 and since then, more than 3,000 jobs have been lost.
The global economic crisis of 2008 caused the disappearance of 50,000 jobs in the private sector. Recovery began in September 2009 through March 2010 generating 36,000 new jobs. But since then, private employment has begun to fall again.
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