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Costa Rica's economy is gaining momentum rapidly

Monday, June 4, 2012

Despite low consumer confidence, the Costa Rican central bank reports this week that the country's production figures are better than expected.

The Monthly Economic Activity Index helps policymakers track up-to-date figures on the country’s growth. The most recent index shows Costa Rica’s economy is stronger than expected.

The country’s 7 percent moving-average for the index is the highest in Central America at the moment; the average for Costa Rica, Nicaragua, Guatemala, Salvador and Honduras is 5 percent.

Source: Tico Times