Costa Rican economic growth slows to 5.8 percent

The rate of economic growth has slowed down in Costa Rica, according to central bank figures published Monday.

Wednesday, July 2, 2008

During the first quarter, the nation's gross domestic product grew by 5.8 percent compared with the same period of last year. The growth rate is the lowest in eight quarters.

More on this topic

Costa Rica: Quarterly GDP Up 3.4%

July 2017

In the first quarter of the year, household final consumption and private construction investment accounted for most of the annualized 3.4% increase in GDP.

From a report by the Central Bank of Costa Rica:
 
In the first quarter of 2017, economic activity, measured by the cycle trend of the real Gross Domestic Product (GDP), grew at an annualized rate of 3.4%, mainly reflecting higher final household consumption expenditure and to a lower extent, an increase in investment in private construction, since external demand showed a moderation in its growth.

Nicaraguan GDP drops in 2008

November 2008

The growth of the Nicaraguan economy at the end of 2008 will be lower than that of 122 other developing countries.

Even the GDP of Sierra Leone which was the lowest on the Human Development Index will be 2.5% higher than the estimate figure for Nicaragua.

"This is not the best scenario we could have expected in 2008," said economist Alejandro Arauz yesterday, based on the mos recent projections from the IMF on global economic perspectives...

Guatemala lowers growth estimates

September 2008

The Bank of Guatemala revised their growth estimates for 2008 to 4.3% which is lower than the 4.8% predicted in April and the initial 5.3% in January.

The Bank acknowledged that the national economy is slowing down due to adverse international conditions, the high price of oil, food and raw material.

Cepal warns of smaller growth in Guatemalan economy

August 2008

After reaching a growth of 5.7% in 2007, the economy suffered a strong slowdown to the point where CEPAL is projecting a growth of 4.3% for 2008 and 4.0% in 2009.

The slowdown of the economy comes with an increase in inflation, which means there will be an increase in the monetary policy interest rates, and this will in turn cause the growth of the Gross Domestic Product (GDP) to shrink.

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