Costa Rica Will See Modest Growth Amid Fiscal Constraints

• Costa Rica will see modest economic activity growth in the quarters ahead as fiscal reforms constrain private and government consumption.
• Exports and investment will rebound from lackluster growth in 2018, as a weaker currency supports export competitiveness and the Costa Rican government prioritizes infrastructure development. 
• Fitch Solutions have revised down its 2019 real GDP growth forecast to 2.9% YoY, from 3.0% previously, to reflect a slightly weaker outlook for private consumption. The agency’s 2020 forecast of 3.0% is unchanged.

(Source: Fitch)