Vigorous expansion of economic activity in Costa Rica (6.2%) comfortably surpassed the growth projections of 5% made at the start of 1998. This was the successful outcome of a policy, applied during the first nine months of the year, that was explicitly designed to stimulate economic activity through a more flexible monetary stance, greater availability of credit, a substantial increase in real wages (a change of government in May did not alter this dynamic), and the boost provided by the investments and operations of the new Intel microprocessor plant.

Related Subject(s): Economic and Social Development
Countries: Costa Rica
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