Costa Rica Central Bank: Extreme Rain Cuts Local Consumption 5.3%

A Central Bank of Costa Rica study finds that extreme rainy events reduce consumption spending in affected cantons by about 5.3%, indicating climate shocks directly alter household spending patterns. The finding is based on local data and suggests broader economic vulnerability to climate change, though the study's methodology and scope are not detailed. This matters as it quantifies a climate-to-economy transmission channel in a developing economy, potentially informing policy and risk assessments.

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