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The Crisis in Costa Rica

12/26/08 22:03

Despite not being at the epicented of the crisis, Costa Rica is also greatly affected by the global credit crunch. Its tourism-based economy is suffering from great drops in tourist arrivals. Add this to a depreciating dollar, and Costa Rica becomes a more expensive nation all the more.

So what will happen to the nation? It will come back up. That is for sure. In the meantime, people will have to be more cautious when spending.

Link: LATIN AMERICA: Solutions from Below

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