Costa Rica lowers GDP growth forecast for 2022 to 3.4%

div classBodysc17zpet90 cdBBJodivpSAN JOSE Reuters – Costa Rica lowered its economic growth projection for 2022 to 3.4, down from the 3.9 set in January, the countrys central bank announced on Friday.p

p“The downward revisions reflect the more adverse external environment, characterized by high uncertainty, lower global growth and a significant deterioration in terms of trade on top of what was seen in 2021,” the central bank said in a statement. pdivdivdiv classBodysc17zpet90 cdBBJodiv

pThe banks 2023 projection was also lowered to 3.9 from 4, 10 days before former Economy Minister Rodrigo Chaves is set to succeed outgoing President Carlos Alvarado.p

pCosta Rica grew 7.6 in 2021 after suffering its worst contraction in 40 years in 2020 due to the effects of the COVID19 pandemic

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