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Costa Rica’s economy falls just short of a standstill

Thursday, September 2, 2010

Economic activity in Costa Rica is close to a standstill, given the shortage of credit, contraction of the external market and a low levels of foreign investment.
Last year’s financial crisis has left both the banks and businesses with a loss of confidence, reflecting in very low both supply and demand for credit.
The banks have been increasing their requirements for credit, and those who want loans are reluctant to meet the new terms.
Original source (in Spanish): La República