Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 27, 2017
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- Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: June 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484304532.002
Growth and output gap
- Costa Rica’s economy is growing at its estimated trend rate of about 4.25 percent.
- The output gap is described as essentially closed.
- Growth in 2017 is anticipated to slow marginally to 4 percent, driven by weaker terms of trade and more stringent financial conditions.
Inflation
- Headline inflation turned positive again in the second half of 2016 and is rising moderately.
- Both headline and core indicators remain below the 2–4 percent target range.
Exchange rate, reserves, and current account
- The colón has been depreciating moderately since mid-2016.
- Reserves have declined despite the narrowing in the current account deficit.
Subjects and keywords (as provided)
- Banking, Credit, Economic sectors, Foreign exchange, Inflation, Money, Prices, Public debt, Public sector
- 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
Content in this bundle
- Country Report