Business Confidence in Costa Rica Still Falling

The results of the Quarterly Business Survey highlighted that 78% of companies are ruling out making new hires this year.

Wednesday, September 10, 2014

From a statement from the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

78% of companies rule out new hires this year

• Inflation closed 2014 at between 4% and 6% according to half of employers surveyed
• Union of Chambers reiterates its call to improve the business climate in the country.
• UCCAEP to hold a Business Lunch this Thursday to discuss whether it is possible to achieve greater competitiveness without macroeconomic stability.

The results of the Quarterly Survey of Business 'Business Pulse' reveal a bleak employment outlook for the rest of the year.

According to calculations made by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP), 78% of firms in the country do not plan to make new hires in the last months of 2014. Only 19% of respondents projected generating new jobs in that period.



More on this topic

Costa Rica: More Informal Employment

November 2015

In the last year the number of people with jobs outside the formal market grew by nearly 3%, showing the deterioration of the competitiveness of the Costa Rican economy.

From a statement by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Costa Rica: Unemployment Over 10%

May 2015

The unemployment rate in the first quarter reached 10.1%, causing increasing concern for the business sector, which every day is facing more obstacles to generate more and better jobs.

From a statement by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Costa Rica: Little Optimism for 2015

November 2014

Business confidence is still falling with complaints being made about the absence of an agenda which aims to improve the business climate in the country.

From a statement issued by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP):

Business confidence falls at the end of the year

Costa Rica: Business Confidence Down 10%

May 2014

The business confidence index calculated by the "Business Pulse" survey reached its lowest level in the last two years, with negativity being felt in the services and construction sectors in particular.

From a press release issued by the Costa Rican Union of Chambers and Associations of Private Enterprises (Uccaep):

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