Fiscal Balance in Nicaragua
Nicaragua - Fiscal BalanceEconomic activity is likely weak so far this year, as lockdowns abroad due to the Covid-19 pandemic will be hammering exports, FDI, remittances and tourism. However, the government has resisted implementing social distancing measures, which should be propping up domestic activity somewhat. This comes after the economy shrank for the second straight year in 2019 amid declines in private consumption and fixed investment, as the ongoing political crisis sapped business and consumer sentiment. In response to Covid-19, the Central Bank has cut interest rates, although the government has yet to announce a comprehensive fiscal response or secure significant international financial assistance.
Nicaragua - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.6||-2.0||-2.0||-4.0||-|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||33.47||2.11 %||Jan 01|
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