According to the Consumer Confidence survey conducted by the University of Costa Rica, between August and November 2019 the Consumer Confidence Index (CCI) rose from 28.5 to 32.3, however, by May of this year it had fallen to 19.7.

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Regarding the sharp drop, Johnny Madrigal, coordinator of the study, told Nacion.com that "... We've never had such a bad perception of the country's economic situation before."

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The report details that 76% of people consider that these are bad times to buy a house, 88% think that it is not the time to buy a vehicle and 83% would not be willing to buy appliances.

The article states that "... 53% of those interviewed have a strong uncertainty about their employment situation in the next 12 months. 33% said it is very likely that they will lose their job, while 20% do not know if they will have a job."

Source: Nacion.com

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Between February and August of this year, the proportion of consumers in Costa Rica who expressed pessimism regarding the country's economic future increased from 33% to 47%, a rise that can be explained by the crisis resulting from the outbreak of covid-19.

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The Consumer Confidence Index in Costa Rica remained unchanged from February to March.

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