Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report

June 27, 2017

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Format: Chicago

Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2017) accessed September 19, 2024

Summary

This 2017 Article IV Consultation highlights the growth of Costa Rica’s economy at its estimated trend rate of about 4.25 percent and an essentially closed output gap. Headline inflation turned positive again in the second half of 2016 and is rising moderately, with both headline and core indicators still below the 2–4 percent target range. The colón has been depreciating moderately since mid-2016, while reserves have declined despite the narrowing in the current account deficit. In 2017, growth is anticipated to slow marginally to 4 percent, driven by weaker terms of trade and more stringent financial conditions.

Subject: Banking, Credit, Economic sectors, Foreign exchange, Inflation, Money, Prices, Public debt, Public sector

Keywords: Central America, Central bank debt, CR, Credit, Executive board assessment, Financial condition, FX mismatch, FX-intervention rule, Global, Headline inflation, Inflation, Inflation objective, ISCR, Public sector, Rate

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/156
Stock No:

1CRIEA2017001
ISBN:

9781484304532
ISSN:

1934-7685

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