Q COSTARICA
In Costa Rica, the Banco Central (Central Bank) predicted that confidence would again prevail among businessmen and consumers once the tax reform was approved, but that has not been the case.
At the beginning of the year, the BCCR foresaw an increase in household consumption of 2.4% of GDP for 2019, but in the revision of its projections, in the middle of this year, it reduced it to 1.9%. Photo: Mayela López.
In December 2018, after a year of Legislative debates and after being reviewed by the Constitutional Court, the legislators approved the “Reforma Fiscal” (Tax Reform) the law of strengthening public finances.
With the approval, the uncertainty in the Costa Rican economy was expected to disappear, but according to the authorities’ pessimism is still present.
Rodrigo Cubero, president
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