Current Account in Nicaragua
Nicaragua - Current AccountThe economy likely remained mired in recession in Q4 2018 amid continued political instability, as reflected by the further shrinking of the labor market in December. Nevertheless, surging remittance inflows in the quarter should have provided some support. In late February, President Ortega agreed to restart peace negotiations with the opposition party to resolve the nearly year-long political crisis. The talks are off to a rocky start, however; while the two sides hope to finalize a deal by 28 March, overcoming major hurdles to resolve the crisis—particularly calls for an early election—will be no easy feat. Moreover, Ortega recently accepted a USD 100 million loan from Taiwan—a lifeline for the isolated leader.
Nicaragua - Current Account Data
|Current Account (% of GDP)||-10.9||-7.1||-9.1||-7.5||-5.0|
5 years of economic forecasts for more than 30 economic indicators.
Nicaragua Current Account Chart
Source: Nicaragua Central Bank and FocusEconomics calculations.
|Exchange Rate||32.80||2.11 %||Mar 11|
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