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Costa Rica expected to experience a decline in the rate of economic growth in 2024

QCOSTARICA A 2024 with a lower rate of economic growth that reflects the disparities in production, low inflation, and a slight increase in the exchange rate are some of the variables that financial experts foresee when presenting the report “Economic Perspectives 2024 -2025: the challenge of maintaining the pace of economic growth.” The document… ....

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No raise in 2024 for public sector employees for the fifth consecutive year

QCOSTARICA Because the weight of public debt will exceed 60% of GDP throughout 2024, public employees would be left without a salary increase throughout next year. The expectation is that by 2025 the fiscal rule that was approved in 2018 and that became a limitation that today affects bureaucrats can be overcome, said President… ....

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Low inflation, cheap dollar and low interest rates for 2024

QCOSTARICA Costa Rica will end the year in a very positive way. Interannual inflation will be negative, the dollar exchange rate will show a downward trend that will benefit thousands of debtors, and unemployment will remain close to 7%. However, the most notable thing is that the good prospects at the end of the… ....

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10 ways to make the most of a cheap dollar

QCOSTARICA On September 13, the price of the dollar reached the lowest price in eight years in the Foreign Currency Market (Monex). Since then, the U.S. dollar has remained below ¢540, and the Banco Central (Central Bank) even intervened last Friday to sell US$3.9 million dollars in the market and thus avoid a slight… ....

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Costa Rica reports the lowest interannual inflation in the last decade

QCOSTARICA Lower interest rates for personal loans, more money to spend, new jobs and the possibility of making investments with better returns are some of the benefits of reducing inflation, according to experts. At the end of August, Costa Rica not only reported three consecutive months with a negative index but also recorded the… ....

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