TITLE

Fiscal Adjustment Pain

PUB. DATE
November 2009
SOURCE
Latin America Monitor: Central America Monitor;Nov2009, Vol. 26 Issue 11, p8
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article presents Business Monitor International's (BMI) forecast on the economic growth of Costa Rica for the year 2010. It is projected that the aggressive campaigns on tax havens, harsh weather conditions and the forthcoming election are the major risks the country has to contend with. Added to this is the announced closure of Banque National de Paris Paribas (BNP) by the end of 2009 resulting to an increased fiscal deficit. The author is optimistic that a positive growth of the Monthly Index of Economic Activity (IMAE) will help the economy.
ACCESSION #
44882371

 

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