Central Bank anticipates lower growth in 2025 due to uncertainty created by the United States

The Central Bank of Costa Rica (BCCR) predicts lower economic growth by 2025 in the face of the uncertainty created in recent weeks by the United States in relation to its trade policies.Róger Madrigal, president of the Central Bank, confirmed that the initial estimates of the issuing entity predict a decrease of 0.4 percentage points in the growth of Costa Rican production in 2025.In January last, the monetary authority indicated that the natio…

Trump’s executive order relieved 57 countries, but Costa Rica? Although the White House announced a tariff break for dozens of countries, Costa Rica is not on the list of nations benefiting from the executive order signed by President Donald Trump. Foreign Trade Minister Manuel Tovar confirmed on Thursday that Costa Rican products will continue to face a 10% tariff on the US market, despite Washington’s recent announcement. “The recently publish…

With its 340 million inhabitants and its powerful economy, the United States is a large market that consolidated itself as Costa Rica's main trading partner several decades ago and even more since August 5, 2004, when the Free Trade Agreement between the Dominican Republic, Central America and the United States (CAFTA-DR) was signed, which removed export barriers between the parties.