The Costa Rican economy slowed for the seventh month in a row, according to the most recent figures of the Índice Mensual de Actividad Económica (IMAE) – Monthly Index of Economic Activity -, as of last December.
According to data from the Banco Central (Central Bank), in December 2018 the majority of economic activities moderated their growth compared to the same month of the previous year, with a year-on-year variation of 1.8% in the general IMAE indicator (3.1% in December 2017).
The growth of the IMAE during the twelve months of 2018, compared to the previous twelve months was 2.7%.
The slowdown was mainly due to the contraction observed in:
Public education, due to the strike against the Tax Reform
The manufacture of the definitive regime, affected by the socio-political
... continue reading article at QCOSTARICA.com Click here to go to the source article.