© Reuters. FILE PHOTO: A man looks at a store display stand on Central Avenue in San Jose, Costa Rica March 13, 2019. REUTERS / Juan Carlos Ulate
SAN JOSE (Reuters) – Costa Rica’s economic growth is likely to slow this year, according to a central bank forecast released on Tuesday that also estimates a faster rate of growth in 2024.
The central bank sees gross domestic product growing by 2.7% this year and 3.5% in 2024.
The economy will expand 4.3% in 2022.
The bank said in a statement that the expected decline this year is due to global economic disruptions related to the lingering impact of Russia’s invasion of Ukraine last year and countermeasures. inflation in the United States.
The central bank said income from tourism, a key sector, increased from a year ago, as did exports.
“Economic performance has a positive impact on business and consumer confidence,” the report said.
By 2024, the rate of inflation will decrease and economic activity is likely to accelerate, the bank added.
The increase is also expected to boost public finances, which are overseen by the International Monetary Fund, after the international lending organization provided Costa Rica with loans to help the country after years. debt piled up.
