Business Climate in Nicaragua Worsens
86% of the companies surveyed in the Coyuntura Económica report by Funides consider the business environment unfavorable for investment.
Wednesday, June 24, 2009
The Coyuntura Económica report for the first quarter of 2009 by the Nicaraguan Foundation for Social Economic Development (Funides, acronym in Spanish) shows the results from the survey which took place during March of this year at homes and companies.
According to the 49th business survey from the Association of Social Studies and Research, the pattern of production and employment shows that economic growth has not been strengthened.
FUNIDES has projected economic growth of 3.5% to 4% for 2011-2013, noting that these are various risks that make the projections err towards the downside.
58% of Panamanian businessmen expect sales in the second half of 2012 to be higher than the same period last year.
The quarterly Sales Indicator dropped to its lowest level since its inception 20 years ago.
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