Retailers: Expectation for Lift of Restrictions

After the Costa Rican government announced that they are evaluating the option of lifting as of March the sanitary measure that restricts the free circulation of vehicles on weekends, the trade union of the commercial sector considers that this would be a great relief for the economy.

Wednesday, February 17, 2021

On Sunday night, the government informed that it is analyzing the elimination of the traffic restriction applied on weekends. This sanitary measure was imposed as a result of the covid-19 outbreak.

According to the Presidency of Costa Rica, the change in the restriction would be due to the results of the analysis of the measures implemented to date and the epidemiological outlook.

Since the commercial sector has been one of the most affected by the pandemic and the sanitary measures issued by the authorities, the announcement was welcomed by the Costa Rican Chamber of Commerce.

Arturo Rosabal, vice-president of the Chamber of Commerce, told Elobservador.cr that "... 'we welcome the news that the Health authorities are considering eliminating the license plate restriction during weekends. This is a great relief for thousands of businesses and restaurants throughout the country'."

The most recent report of the Central Bank of Costa Rica states that in December 2020, commercial activity presented a year-on-year variation of -9.7%, due to the lower commercialization of vehicles and construction-related products, partially offset by the increase in demand for mass consumption goods (food), electrical and household items.

Check out the "System for monitoring markets and the economic situation in Central American countries", prepared by CentralAmericaData.



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