Costa Rica Staff Report for the 2014 Article IV Consultation

The economy recovered quickly from the global crisis of 2008–09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains from recovery in the U.S. will be offset by the closure of the Intel manufacturing plant. Infla...

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Bibliographic Details
Corporate Author: International Monetary Fund Western Hemisphere Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2015
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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651 4 |a Costa Rica 
653 |a Fiscal stance 
653 |a Finance, Public 
653 |a General Aggregative Models: General 
653 |a Public debt 
653 |a Public-Private Enterprises 
653 |a Labour; income economics 
653 |a Public finance & taxation 
653 |a Currency; Foreign exchange 
653 |a Public Enterprises 
653 |a Public sector 
653 |a Debt Management 
653 |a Debts, Public 
653 |a Fiscal Policy 
653 |a Fiscal consolidation 
653 |a Debt 
653 |a Fiscal policy 
653 |a Economic sectors 
653 |a National accounts 
653 |a National income 
653 |a National Government Expenditures and Related Policies: General 
653 |a Expenditure 
653 |a Sovereign Debt 
653 |a Foreign Exchange 
653 |a Banks and Banking 
653 |a Expenditures, Public 
653 |a Civil service & public sector 
653 |a Macroeconomics 
653 |a Banking 
653 |a Taxation 
653 |a Public Finance 
653 |a Foreign exchange 
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520 |a The economy recovered quickly from the global crisis of 2008–09, with healthy growth and low inflation. Growth has, however, slowed recently and is expected to remain subdued in the short run, since gains from recovery in the U.S. will be offset by the closure of the Intel manufacturing plant. Inflation is elevated, owing primarily to exchange rate (XR) depreciation triggered by global repricing of emerging market assets in early 2014. Risks to the outlook are tilted to the downside. Absent consolidation, large fiscal deficits would make public debt dynamics unsustainable in the long-run