Home » Costa Rica’s Businesses Struggle as Falling Dollar Leads to Job Losses and Closures

Costa Rica’s Businesses Struggle as Falling Dollar Leads to Job Losses and Closures

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Costa Rica’s Businesses Struggle as Falling Dollar Leads to Job Losses and Closures

The falling dollar is having a devastating impact on companies and jobs in Costa Rica, as exporters and businesses struggle to cope with the economic challenges. Exporters are particularly discontent with Róger Madrigal’s “inflexible” stance on the fall in the exchange rate, which has affected their ability to compete in international markets.

Standard Fruit Company farms in Limón have announced 111 job layoffs, citing the fluctuating price of the dollar as the main cause. The company’s decision reflects the wider trend of job losses in the agriculture sector, with bananeras also closing operations in Costa Rica due to the currency devaluation.

The economic downturn has forced businesses to make difficult decisions, and the effects are taking a toll on workers and the local economy. As the dollar continues to decline, the future remains uncertain for many companies and employees in Costa Rica. Stay tuned for more updates on this developing story in El Economista.

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