{
  "title": "Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, June 27, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991",
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  "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.",
  "publishDate": "2017-06-27",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Growth and output gap",
      "content": "- Costa Rica’s economy is growing at its estimated trend rate of about 4.25 percent.\n- The output gap is described as essentially closed.\n- Growth in 2017 is anticipated to slow marginally to 4 percent, driven by weaker terms of trade and more stringent financial conditions."
    },
    {
      "heading": "Inflation",
      "content": "- Headline inflation turned positive again in the second half of 2016 and is rising moderately.\n- Both headline and core indicators remain below the 2–4 percent target range."
    },
    {
      "heading": "Exchange rate, reserves, and current account",
      "content": "- The colón has been depreciating moderately since mid-2016.\n- Reserves have declined despite the narrowing in the current account deficit."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Banking, Credit, Economic sectors, Foreign exchange, Inflation, Money, Prices, Public debt, Public sector\n- 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\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/06/27/costa-rica-2017-article-iv-consultation-press-release-and-staff-report-44991"
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    "Published: June 27, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484304532.002",
    "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.",
    "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.",
    "The colón has been depreciating moderately since mid-2016.",
    "Reserves have declined despite the narrowing in the current account deficit.",
    "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",
    "**Country Report**"
  ],
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