Nicaragua Economic Outlook
July 10, 2018The economy is being hit hard by ongoing unrest, which is now entering its third month and appears to be having a severe impact on tourism, FDI and domestic activity. Dialogue between President Ortega and civil society has so far proved fruitless, and the death toll continues to rise. Economic activity growth in April slowed sharply to 1.6%, on marked contractions in the construction and hospitality sectors, while employment in the formal sector dropped substantially in same month. Furthermore, bank deposits have slipped by over 10% since the crisis began, leading the Central Bank to recently receive USD 50 million from the Central American Bank for Economic Integration to support liquidity.
Nicaragua Economic GrowthPolitical and social instability will weigh markedly on growth this year. Our panelists expect GDP to grow 2.7% in 2018, down 1.1 percentage points from last month’s forecast, and 4.4% in 2019. Further downward revisions to growth forecasts are likely in the coming months as panelists evaluate the extent of the economic disruption.
Nicaragua Economy Data
5 years of Nicaragua economic forecasts for more than 30 economic indicators.
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|Exchange Rate||31.77||2.11 %||Jul 17|
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