Consumer durables is a cataloguing of consumer goods that are not essential to be bought very often as they are fashioned in a way so as to last for an extended period of time. Profits in the consumer durables sector were most profoundly…
BMI View: Growth in Costa Rica's construction industry will accelerate from 2017 forward, following a
steep downturn in the growth rate in 2016. This will be driven by a number of high-value transport projects,
including the USD1bn Port of Moin Container Terminal. However, we note continued risks in a country
prone to severe project delays.
Latest Updates And Structural Trends
? We maintain our view for a slowdown in real growth in Costa Rica in 2016, but then expect growth
steadily accelerate from 2017 to reach an average annual rate of 2.3% over our 10-year forecast
? Our more positive outlook likes on the fact that major works are beginning to move forward, most
notably the construction of the USD1bn Port of Moin Container Terminal, and lower base-effects from a
? We note that poor project planning, permitting delays, and labour disputes will likely continue to see
delays in the delivery of major works.