American Expatriate Costa Rica

Overflowing pessimism: Most Ticos think next year will be worse

For the first time in ten years there are more Costa Ricans who think that their economic situation will be worse next year than those who believe it will be better. The projections are on the ground. The prevailing pessimism is such that the number of people who believe their situation will be better in the next 12 months is the smallest since 2009.

The most recent CID-Gallup survey determined that citizens who believe their situation will be worse reach 38% of those interviewed, against only 26% who remain optimistic. Only young people aged 18 to 24 and the best educated tend to glimpse the future with more optimism.

Only one citizen in ten indicates that the economic situation of their families is better now than in 2018. Young people between 18 and 24 are the ones who said they were better.

However, an abyss has been generated between the two visions. Those who think they are better are only 10%, but those who think they are worse add up to 53%.

The data are highly coincident with the general economic situation of the country, which has shown signs of deterioration in recent months.

The latest data from the Monthly Economic Activity Index reported by the Central Bank realized that the country’s economic growth was only half of what it grew a year ago, with a strong contraction in areas such as trade and construction.

The survey was conducted between September 7th and 19th. It has a 95% confidence level and a margin of error of ± 2.81 points.

crhoy.com