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Growth will return to Costa Rice later in year

Tuesday, June 2, 2015

Costa Rica should see accelerating economic growth in the second half after it struggled to recover from Intel’s closing of export facilities last year, central bank President Olivier Castro said.

The $50 billion economy is rebounding from bad weather that hit crop production and the closing of manufacturing plants by Intel, Castro said. Public works projects could help spur growth after 11 consecutive months of deceleration, he added.

Source: Bloomberg