Low inflation and high unemployment coexisted throughout this year


For the fourth consecutive year the country will achieve a low inflation, over its history, marking a path that has not been seen in the past 35 years.

However, this year will also be the third consecutive high unemployment, about its history, a situation that afflicts 169,000 people.

These are two of the main results of 2012.

The economist and manager of the National Bank, Fernando Naranjo, said that in economics, can not do both (low inflation and low unemployment) and the country has favored so far in inflation.

The Central Bank’s target inflation is between 4% and 6% this year.

“the end of December 2012, inflation is expected in a neighborhood between 4.56% and 6.32%, this scenario is the product of the observed momentum of economic activity in the first half of 2012, which added to the increase in prices of regulated goods and services and the rise in oil prices, could cause the inflation rate slightly exceeds the central bank’s target, “said Gabriel Alpizar, Financial Risk manager Bank.

With other indicators of inflation were positive in 2012 was the growth of exports, which, until October, was about 10% in the middle of a difficult international situation and foreign direct investment that brought more jobs.

According to a report by the Costa Rican Coalition for Development Initiatives, Costa Rica in 2012 broke the record again this year to attract foreign direct investment in the field of high technology in the amount of $ 574.5 million. 40 new projects were developed, which generated 8236 jobs.