Costa Rica’s economy slows: growth dips below 4% as key industries falter

Costa Rica’s economy is showing alarming signs as growth has slipped below 4% for two consecutive months. The slowdown is largely attributed to a decline in the manufacture of medical equipment and electronic components within free trade zones, key drivers of the country’s export sector. While the economy is not yet in negative territory, the persistent dip raises concerns about broader economic health. Adding to the worry, tax revenue is also falling, which could strain public finances and government programs. Analysts are watching closely to see if this trend continues and what measures might be needed to stimulate growth.

Article source: qcostarica.com | Image credit: Credendo