Industrialist Expect a Year Without Growth

In Costa Rica, businessmen expect job creation to stagnate this year, as only a thousand new jobs are expected to be created, resulting in a year-on-year increase of just 0.7%.

Monday, April 8, 2019

The forecasts of the Chamber of Industries of Costa Rica (ICRC) for this one are the result of the study that the sector carries out every year, which concludes that in the most positive scenario, the performance of production, employment and investment, would be similar to that of 2018.

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Nacion.com reviews that "... The ICRC indicated that the analysis is based on the results of a survey of 141 businessmen carried out between February 1 and March 29. Regarding employment, it is projected that at the end of the year, 72% will keep their payrolls at current levels, 16% will increase them and 11% believe they should reduce them."

The article adds that "... The overall balance of employment expectations for 2019 is similar to last year, but in the breakdown there are slightly more positive expectations in large companies and negative outlook for medium-sized companies, the ICRC informed."

For industrialists, the low dynamism of the sector during 2018 was because of the political situation in Nicaragua, the uncertainty after the electoral process, the country's fiscal situation, the fiscal reform process and the extensive strike by public unions.

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In Costa Rica, businessmen from the industrial sector expect that next year the levels of economic activity will improve and the process of reactivation of production will be consolidated.

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Manpower Employment Outlook Survey

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