Nicaragua's growth to slow in 2008

The slowdown in the Nicaraguan economy will continue through 2008 when GPD is expected to increase by 3.5 percent, the United Nations Economic Commission on Latin America and the Caribbean (Eclac) predicted.

Wednesday, April 23, 2008

Last year, Nicaragua's economy grew by 3.8 percent, the second worst performance of the 20 Latin American nations.
But though this year's growth rate will be lower, it will still beat those of Ecuador and Mexico, an Eclac report says. The report predicts Ecuador's economy will grow by 3 percent and Mexico's by 2.7 percent.

More on this topic

Nicaragua: III Economic Report 2013

April 2014

The economy grew by 4.6% in 2013, driven by private consumption, exports and government spending.

The greater optimism envisioned by entrepreneurs for the future of the economy validates the results achieved in 2013, according to the Economic Situation report by the Foundation for Economic and Social Development (Funides).

The Central Bank of Costa Rica’s Optimism

July 2011

The BCCR raised its forecast for economic growth this year from 4.3% to 4.5%, while Costa Rica ECLAC estimates for growth of just 3.2%.

Referring to this issue, the Department of Analysis and Investment Strategy, Aldesa, described the Central Bank of Costa Rica as "very optimistic".

Deloitte lowers its growth forecast for Panama from 9% to 7%

August 2008

"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."

That was the comment by financial expert, Domingo Latorraca, a partner at Deloitte, during the company's latest Think Tank.

Panama's GDP grew last year by 11.2%, the highest rate in Latin America and one of the best in the world.

Panama's growth to be between 7% and 8%

July 2008

The consulting firms Indesa and Deloitte estimate that Panama's economy will grow by seven to eight percent this year.

This is slower than the 11.2 percent growth in 2007, with a pattern similar to that of the period 2004-2006.
Some international firms, like the Economist Intelligence Unit, are forecasting even higher growth and are predicting that Panama will again be the fastest-growing economy in Latin America this year.

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