Costa Rica's Economy In 2012 Could More Of The Same As Last Year Or Worse

If planning an expansion or borrowing this year, best to think it twice, for experts agree that the economic future of the country will not be the best, at the best be much of the same as last year.

According to the Investigaciones en Ciencias Económicas de la Universidad de Costa Rica (Institute for Research in Economics at the University of Costa Rica) this is a good time to take stock of one's finances and must consider carefully before borrowing.

For the coming year, interest rates are expected to stay in the range of 8% and 9% and that the tax issue - the government's plan to have the Plan Fiscal (Tax Reform) - will be a priority for 2012.

The UCR said that of the 510 companies surveyed in their research shows that 64.7% did not see any changes in their salary expenses, while 23.7% saw a slight increase, hiring more workers.

A major concern by a large group of entrepreneurs is the negative affect of the dollar exchange. 40.4% said this - the exchange rate - is worrisome as it could affect their competitiveness.