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Costa Rican economy continues to slide down

03/26/09 13:57

Costa Rica can definitely feel the effects of the global crisis after registering a fourth month of consecutive losses in the economy last January, which was lower by 4.5 percent compared to 12 months before.

Among the hardest hit was the manufacturing industry, which sustained a slide in production of around 17.5 percent. Hotels were also hard hit, registering 9 percent less than the number of guests they had at the start of 2008.

News: Costa Rica business, Central Bank: Economy Continues Steep Slide

Tags: entrepreneurs • hotels • business •
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Gov't to give $100 million to businesses by young Costa Ricans

At least 360,000 of Costa Ricans aged between 18 and 35 are neither studying nor working. SO what are they doing? I cannot be too sure.

Maybe the right track for these young Costa Ricans is entrepreneurship. To encourage them to start their own businesses, the Costa Rican government will inject around $100 million in funds to businesses started by young Costa Ricans. More of that here at TicoTimes.net

News: Costa Rica business, Young Entrepreneurs Receive Gov’t Boost