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.
The economy grew by 4.6% in 2013, driven by private consumption, exports and government spending.
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%.
"In any case, 7.5% is still a favorable growth level and will continue to be one of the region's highest."
The consulting firms Indesa and Deloitte estimate that Panama's economy will grow by seven to eight percent this year.
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