Austerity And Weaker External Demand Will Limit Costa Rican Growth

• Fiscal consolidation measures and slowing global growth will weigh on real GDP growth in Costa Rica in the coming quarters.
• However, the investment will likely remain robust as Costa Rica's competitive tourism, agriculture, and manufacturing sectors and a more accommodative monetary policy environment attract foreign investment.
• Fitch has revised down its 2019 real GDP growth forecast to 2.6% y-o-y, from 2.9% previously, and its 2020 forecast to 2.9%, from 3.0% previously, to reflect a more downbeat view on private consumption and external demand. 

(Source: Fitch)