Sunday, May 31, 2020

Costa Ricans Believe Economy Has Collapsed Due to COVID

Costa Ricans’ perception of the economy has all but collapsed due to the pandemic. 76% of Ticos say this is the worst time to buy a house. This was disclosed by the School of Statistics of the University of Costa Rica.

The perception of the Costa Rican economy has plummeted to its lowest level in nearly two decades. This negativity also showed in other aspects. 88.4% said it is not the time to purchase a car. 82.9% said it was a bad time to buy household items like appliances.

53% of participants said that they don’t know if they will have a job in a year. 33% said they are very likely to lose their job. 20% said they do not know if they will have a job.

A surprising turn of ideology shows up in the questions asked about perception of the future. The majority of Ticos reported affirming the Government’s economic and social policy or believing that what is necessary is being done.

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