For industry representatives, the Central Bank of Costa Rica could be too optimistic when maintaining GDP growth projection at 4.2%, because two months ago the World Bank lowered the projection from 4% to 3.3%.
This was explained by Francisco Gamboa, executive director of the Chamber of Industry, who added that in the specific case of the manufacturing sector, the Central Bank estimated a growth of 5.6%.
The chamber said that manufacturing sector’s growth is based on export activities in the Free Economic Zone Regime, led by medical devices.
According to industrial sectors, polices and instruments applied by the Central Bank to date, have not had the required effect in terms of reduction in interest rates.