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Indications Are That Economic
Crisis In Costa Rica Is Almost Over
All indicators point out that the economic
crisis is slowly coming to an end and the
country is recuparating. Supporting that is
the fact that there have been 35.995 new
jobs created between August 2009 and January
2010.
The figures were releaed by the Caja
Costarricense del Seguro Social (CCSS).
A poll by Manpower shows that Costa Rica is
the number two in job expectations in Latin
America, with a 23% net gain in jobs.
Other indicators that the economic crisis is
almost done and over with is the fact that
40.000 people attended the 10 days of the
Expomóvil, the annual car show, that is
really one big open ten saleathon for new
and used vehicles.
Add to that is the report by the Camára
Nacional de Turimso (Canatur) that hotels
and tour operators report an 80% occupancy
rate for this Semana Santa.
And the Cámara de la Construcción is
predicting a 13% increase in new hiring that
translates into 15.000 new jobs in the
sector.
Of course those who lost their jobs in the
past year see it totally different.
The price of consumer goods, clothing,
groceries, appliances, etc. is still the
same, while their income took a drastic
drop. The economic crisis affected greatly
the lower middle class to the lower class,
which are still reeling from the effects and
don't see the positive side like the other
classes.
However, experts in economy say the country
is coming out of the crisis and there will a
strong increase in hiring in the coming two
years.
According to the Univesidad Nacional (UNA)
economist, Roxana Morales, in October 2008
there were 1.391.129 employed, in January
2010 the number of employed rose to
1.405.299 or 14.170 more people employed.
Also, the monthly economic index produced by
the Banco Central shows that the economic
activity in January 2010 was 6% higher than
in January 2009.
Economic experts suggest that the use of
credit cards be reasonable and keeping
financial order is important, as well as not
speculate on the future movements of the
dollar/colon exchange rate.
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