Construction in Nicaragua: Pessimism at the End of 2020Since the beginning of the political crisis in 2018, the activity began to decline, the trend continued in 2019 and by 2020 the expectation is that the fall in investments in the sector will be more acute, mainly private ones.Tuesday, November 10, 2020
Official data indicates that between 2017 and 2018 investment in private construction projects decreased by 17%, from $1,106 million to $914 million. Between 2018 and 2019 the amount invested continued to fall, going from $914 million to $469 million, which is equivalent to -48% variation. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?¿Le interesan los proyectos de construcción en Centroamérica?Conozca nuestro servicio de información que detalla las grandes construcciones que se están desarrollando en la región. Incluye urbanizaciones, edificios, hoteles, locales comerciales, carreteras e infraestructura pública, entre otros. Ver ahora Construction: Complicated Present, Uncertain FutureNovember 2020 Due to the suspension of several projects and the political, economic and fiscal situation in Costa Rica, it is expected that the economic activity of the construction industry will close the year in the red and for 2021 a scenario of much uncertainty is predicted. Business Partners and Economic RecoverySeptember 2020 After the unemployment rate in the United States fell from 15% to 8% between April and August, it became evident that at the beginning of the crisis the capacity of recovery that the North American country could develop was underestimated and it is expected that this behavior could boost the economic activity in Central America. Credit to the Private Sector: Poor OutlookApril 2020 Managers of Costa Rica's financial institutions predict that due to the health crisis the country is going through, the demand for credit from companies and families will continue to fall in the coming months. Nicaragua: Economy Could Fall by up to 11%February 2019 If the country does not provide an early solution to the socio-political crisis it has been going through since April 2018, it is projected that the economy could decline between 7% and 11% during 2019.
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