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Costa Rica may already be recovering from crisis

06/12/09 00:37

The credit crunch is said to have a lasting effect on developing nations, but Costa Rica's stats show that it may be already recovering.

In fact, Standard & Poor's maintained Costa Rica's credit rating as "stable," because of its years of good GDP growth and fiscal measures that helped reduce public sector debt from 50% of GDP in 2006 to 40% of GDP in 2008.

That and more news here at TicoTimes.net

News: Costa Rica, Nicaragua Daily News–The Tico Times, MCC cu

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