Nicaragua Economic Outlook
July 15, 2014Nicaragua and the Chinese-owned HKND group unveiled the proposed route for an inter-ocean shipping canal that will compete directly with the Panama Canal. The Nicaragua Canal, priced at USD 40 billion, will stretch 278 kilometers, 105 kilometers of which will cross Lake Nicaragua. HKND will lead the canal’s construction and was granted a 50-year concession in June to construct, operate and maintain it. The government expects that the project will significantly promote economic growth. Construction is expected to begin by end of this year.
Nicaragua Economic Data
5 years of Nicaragua economic forecasts for more than 30 economic indicators.
|Exchange Rate||25.76||0.0 %||Jul 31|
Nicaragua Economic Growth
July 15, 2014FocusEconomics panelists expect the economy to grow 4.4% in 2014, which is unchanged from last month’s forecast. For 2015, the panel expects economic growth of 4.5%.
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