Macro - Country Economic Forecasts - Costa Rica
We've raised our 2025 GDP growth forecast for Costa Rica by 1ppt to 3.2%. The recent cuts by the Central Bank of Costa Rica to its policy rate will likely support private demand next year. Investment and the external sector have been more resilient than we expected, but we see a strong slowdown in exports next year. Our forecast is below consensus for 2025. Risks remain tilted to the downside, with potential US tariffs affecting external demand. Domestically, rising insecurity could hurt tourism and investment, while cuts to social expenditure may lead to greater discontent.
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