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Costa Rica’s Central Bank Trims Economic Growth Forecast for 2023

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Costa Rica’s central bank sees gross domestic product growing by 3.2% next year, down from 3.9% previously estimated, citing international factors for the revised forecast, the bank said in a statement on Friday.

The bank’s growth forecast for 2022 remains steady at 3.4%.

At a news conference, central bank President Roger Madrigal cited external factors as the main risks facing the Central American country’s economy, especially the impact of the war in Ukraine on consumer prices. He said that could cause lower growth and tighter monetary policies among the country’s top trading partners.

Last year, Costa Rica’s economy expanded by 7.8% after recovering from a pandemic-induced recession in 2020. (Reuters)

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MAD-HAV Enjoy Travel Group
Walmart
Barceló Solymar
Instituto Hondureño de Turismo
Servicios Médicos Cubanos
Herbalife
MuniGuate
Intecap
MITM Events
Agexport
Cervecería Centroamericana S.A.
blackanddecker
INTERFER
Grupo Hotelero Islazul
AVA Resorts
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Realidad Turística
Nestle
Cubasol
INOR
Los Portales