Fiscal Balance in Nicaragua
Nicaragua - Fiscal BalanceThe likely deep economic slump in the first half of the year seems to have spilled over into the second. Increased concerns over the state of the economy amid the long-standing political crisis were reflected in continued capital flight, with bank deposits continuing to shrink in July. Furthermore, in the same month, the money supply nosedived for the thirteenth consecutive month. More positively, remittance growth picked up pace in the first six months of the year compared to the same period a year prior, which should partially limit the drop in private consumption. Meanwhile, political tensions took center stage in September: Popular protests erupted again demanding both the resignation of President Daniel Ortega and snap elections, while an opposition group claimed responsibility for several explosions which damaged a bridge leading to the country’s most important port.
Nicaragua - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.1||-1.5||-1.6||-2.0||-2.0|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||33.09||2.11 %||Sep 04|
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