Nicaraguan GDP drops in 2008
The growth of the Nicaraguan economy at the end of 2008 will be lower than that of 122 other developing countries.
Friday, November 21, 2008
Even the GDP of Sierra Leone which was the lowest on the Human Development Index will be 2.5% higher than the estimate figure for Nicaragua.
Industry, trade and agriculture, which together make up half the country's GDP, are showing signs of slow-down, which in turn will impact growth targets for 2011 and 2012.
The Banguat president argues that the pace of GDP growth, estimated in the range of 3.0% to 3.5% for this year, is not sustainable.
The Bank of Guatemala revised their growth estimates for 2008 to 4.3% which is lower than the 4.8% predicted in April and the initial 5.3% in January.
The rate of economic growth has slowed down in Costa Rica, according to central bank figures published Monday.
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