Growth in Costa Rica to be Higher than Expected in 2014

Costa Rica would grow slightly higher than expected next year according to the Central Bank; thanks to the international economy that achieved a better recovery then expected and local interest rates that will remain low and stable.

By 2014, the real GDP growth will be between 3.80% and 3.95%, which would be higher than projected by the Central Bank (3.7%) and close to what was estimated by International Monetary Fund (IMF) (3.8%).

Inflation is expected to remain at the current level (between 4.50% and 5.0%) and interest rates remain stable at least in the first half of next year, the same is projected for the exchange rate on the dollar.

A recovery in industrial production in the United States, along with a recovery in Europe, should help the growth zones of Costa Rica.

The elements that could create barriers to 2014’s projected growth is the growth of public debt and fiscal deficit as well as the possibility of the new tax reform. If the country fails to agree on the reform that could affect its International credit rating and cause difficulties.

Internationally, the United States could exceed estimated growth (2.5%), which also positively emerging economies such as Costa Rica in 2014. Also, the Federal Reserve (Fed) will continue with its policy of monetary easing, possibly until 2015, which will keep international interest rates low.

Credits for this go to the english Costa Rica News Paper and their respective authors.

Drake Bay & Aguila de Osa

First discovered by Sir Francis Drake during his travels around the world in the 16th century, Bahia Drake - or Drake Bay - is located in the northern region of the Osa Peninsula in Costa Rica. Formerly one of the most remote settlements in the country, its growing popularity has meant increased access for tourists, and gradual development has brought increased amenities. Despite this, the area still retains the atmosphere of exploration that makes a vacation to the region so exciting.

Tourists visiting Costa Rica on vacation can take a two-hour boat ride from nearby Sierpe to reach this secluded corner of the Osa Peninsula. Alternatively, driving is possible, but flooding can occasionally close roads, making a visit to Drake Bay and adventure in itself. Travelers can also take a domestic flight to the airport located about 45 minutes from the Bay, with regular service operating from the capital of San Jose.

Once here, tourists are treated to a taste of the exotic, as Drake Bay remains one of the most secluded spots in all of Costa Rica. Quite literally a tropical paradise, the region boasts miles of pristine beaches, spectacular lagoons and coves ideal for costa rica scuba diving  as well as leafy palms that fringe the coastline, making Drake Bay an ideal place for those looking to enjoy a quieter vacation in Costa Rica.

One of the premier attractions that vacationers won't want to miss is Corcovado National Park. First created in the 1970s to protect the countryside from gold mining and logging, Corcovado remains one of the most stunningly beautiful conservation areas in the country. The nature reserve is a popular destination for ecotourists, and visitors can see an incredible variety of wildlife in the jungles of the reserve. Animals that make their home here include tapirs, red-eyed tree frogs, resplendent quetzals, and scarlet macaws.

Enjoying a tropical climate year-round, the area is ideal for active vacationers who want to experience the thrills of jungle exploration at any of the Drake Bay Hotels. Many miles of hiking trails wind through the majestic rainforests of the region, and there are four ranger stations located throughout the park to provide guidance to explorers who wander off the beaten path.

Offering the perfect blend of seclusion, natural beauty and tropical climate, a vacation to Drake Bay could be a once-in-a-lifetime experience.

Credits go to govisitcostarica.com for this information about Drake Bay.