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Latinnews Daily - 08 February 2018

In brief: Costa Rica

Costa Rica: Costa Rica’s central bank (BCCR) has categorically rejected claims circulated on social media that the country is facing an “imminent economic recession”. The claims were attributed to an economist, Gerardo Corrales Brenes, who denies them. In a press release, the BCCR said it is forecasting that Costa Rica’s GDP will growth by 3.6% in 2018 and by 3.9% in 2019. The controversy comes as Costa Rica is gearing up for a presidential second-round run-off scheduled for 1 April, between evangelical pastor Fabricio Alvarado Muñoz of the small conservative opposition Restauración Nacional (RN), and Carlos Alvarado Quesada of the leftist ruling Partido Acción Ciudadana (PAC).

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