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Thursday, July 27 2017 @ 08:44 AM AST

Costa Rica's debt-to-GDP on unsustainable rise: IMF



Gato do mato! Jaguatirica, Photo by Ana Cotta, Flickr

Costa Rica bounced back quickly from the 200809 global crisis, but growth now on a declining trend, IMF says in statement. IMF estimates 3.4% growth in 2015, down from 3.6% in 2014.

Outlook for 2015 and beyond remains subdued amid deteriorating fundamentals: IMF

IMF sees fiscal consolidation of 2.2% of GDP over medium term; central government fiscal deficit of about 5.75% of GDP; and public debt ratio of 51% of GDP by 2019

Inflation to hover around 4%; current account deficit to rise to 5.25% of GDP by 2019.

http://www.imf.org/external/np/sec/pr...pr1532.htm

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