Costa Rica: 2017 Article IV Consultation-Press Release; and Staff Report

International Monetary Fund

No 2017/156, IMF Staff Country Reports from International Monetary Fund

Abstract: 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. Headline inflation turned positive again in the second half of 2016 and is rising moderately, with both headline and core indicators still below the 2–4 percent target range. The colón has been depreciating moderately since mid-2016, while reserves have declined despite the narrowing in the current account deficit. In 2017, growth is anticipated to slow marginally to 4 percent, driven by weaker terms of trade and more stringent financial conditions.

Keywords: ISCR; CR; headline inflation; financial condition; rate; inflation objective; central bank debt; executive board assessment; FX mismatch; FX-intervention rule; Public sector; Credit; Inflation; Global; Central America (search for similar items in EconPapers)
Pages: 81
Date: 2017-06-27
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=44991 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2017/156

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().