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Without a fiscal plan 'Costa Rica will face slowdown'

Friday, October 5, 2018

Costa Rica's economy will face a sharp slowdown if legislators fail to pass fiscal curbs, business leader say.

The fears center on the likelihood of increased interest rates, growing inflation and a fall in the value of the national currency.

"We hope that the targets set by the Central Bank will be met and that the government will take the necessary measures. The lack of a fiscal solution would have a negative impact on all Costa Ricans, but especially on those who are less well-off," said Gonzalo Delgado, head of the union of chambers of commerce.