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Costa Rica’s Poverty Level at a Stalemate: No real change in 20 Years

Article Summary:

Despite economic improvements Costa Rica saw during and after the global financial crisis, poverty levels and unemployment levels remain virtually unchanged. With growing concerns over the 2012 tourist season, these figures may notchange in the upward direction as government officials hoped.

Photo Credit: La Estrategia y Negocios

Original Article Text From La Estrategia y Negocios via Google Translate:

Poverty and Unemployment have Grown in Costa Rica
Agencies – AFP,
Poverty and unemployment experienced slight increases in Costa Rica between 2010 and 2011, despite the economic improvement that saw the country after the global financial crisis, said on Monday the National Institute of Statistics and Censuses (INEC).

The poverty rate rose from 21.3% to 21.6%, while unemployment rose from 7.3 to 7.7%, according to data compiled by the National Household Survey carried out by the INEC annually.

The coordinator of the survey, Pilar Ramos explained that the data reflect essentially a stalemate, because the differences are within the margin of error of the study.

Both the Minister of Labour, Sandra Piszk as Social Welfare Minister, Fernando Marin, agreed that the figures are worrying because one of the objectives of the government of President Laura Chinchilla has been to improve the social situation.

Speaking to reporters, said the impasse Piszk could be because the public sector has failed to absorb labor, due to guidelines issued by the government to cut spending and reduce the high fiscal deficit, equivalent to 5% of Gross Domestic Product (GDP).

“Incentives in the productive sectors so that they are the ones that start to absorb the labor force and hence all employment programs have been encouraging, for example, the youth,” said the minister.
On the other hand, Minister Marin estimated the global economic crisis, whose effects have not ceased to impress, has affected the income of households, which is reflected in the poverty of a large sector of the Costa Rican population.

For two decades, the biggest challenge for the governments of Costa Rica in the social field has been to reduce poverty rates, which have remained above 20%.

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From La Estrategia y Negocios via Google Translate

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