In the context of an election process and a difficult global situation, this reveals a Nicaragua with a index of risk in the third quarter of the year, greater than for the same period in 2007.
This proposal made by Nestor Avendano, Ph.D in Economics, analyzes a situation which is already complex, indicating that there is a growing deficit in the balance of payment of the country, as a percentage of the expected production for this year which is cause by the rise in international prices in raw materials.
The strong domestic consumption has not been enough to offset the negative performance in the external sector, resulting in six consecutive quarters of GDP slowdown.
From a statement issued by the Central Bank of Costa Rica:
In the second quarter of 2015 economic activity in the country, measured according to the trend cycle of gross domestic product (GDP), grew at an annualized rate of 3.5%, a result that reflects a relative recovery in the growth rate explained byy an increased investment in machinery and equipment as well as new construction.
Fitch expects that Latin America’s real GDP will contract by 0.9% in 2009, with Brazil’s economy stagnating at best and Mexico contracting by over 2%.
Latin American economies have recoupled with the crisis in the developed economies. Since September 2008, Latin American countries have been buffeted by stronger external headwinds, as evident from the fall in regional currencies and stock markets and from widening bond spreads.
It all depends from which perspective you are observing. The same can be said of the economic balance of the Salvadoran market for the first semester of 2008.
While some sectors are warning that the situation has all the symptoms of the preamble to a strong slow-down in production activities, other voices are of the opinion that they have weathered the storm and that the effects are not as bad as feared.
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