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The survey, which asked the opinions of more than 400 business owners in Costa Rica, found 94% predicting the economy will either continue its strong growth or grow even faster in the coming quarter.

The private sector union conducted the survey in the first weeks of January, before the Central Bank released a pessimistic assessment of the Costa Rican economy that predicted growth would slow in 2008 to 4.8% from last year's 6.8%.

Still, the indices released by UCCAEP – the business owner perception index and the business owner confidence index – reflect the highest opinion of the country's economy since the union began conducting the survey a decade ago.

By Peter Krupa