Nicaragua's economy is very vulnerable

High food and oil prices are moving Nicaragua toward hard times, as record high inflation and an economic slowdown make it more and more difficult to reach growth projections.

Monday, June 16, 2008

It's part of a worldwide crisis and the government recognizes that Nicaragua could be harder hit than other nations, say participants in an conference on the economy.
Nicaragua has the lowest level of development in Central America, with less access to public services such as potable water, electricity, telephones and internet, all of which are more expensive than elsewhere.

More on this topic

Costa Rica's Economy Losing Strength

November 2011

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.

Costa Rica's economic activity indicator for August displayed an increase of 4.2% for trade, lower than in previous months. Since last May, Industry growth has been stagnant at 3.5% relative to 2010, while the agricultural sector has started to fall.

Goals of the Central Bank of Costa Rica generate skepticism

August 2008

Experts believe that it is difficult for the Central Bank to meet the objectives of its macro-economic plan for this year and the next.

The new projections will be hard to reach because international inflationary pressures will continue despite apparent reductions in the last few months.

Inflation in Nicaragua to top 20%

June 2008

Nicaragua could finish the year with an inflation rate of more than 20 percent, according to estimates based on figures provided by the Central Bank of Nicaragua. That's more than double official projections.

The reason for higher prices is the high and rising cost of food and fuel, say independent economists.

Honduras records negative first-quarter growth of 3.3 percent

May 2008

Honduras registered negative year-on-year growth of 3.3 percent in the first quarter of 2008, the government announced.

BCH, the central bank, blamed the rise in world fuel prices, an absence of dynamism in the manufacturing sector, high inflation and the increased costs of raw materials for construction.

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