Negative Outlook for Nicaragua Continues

Because of the impact of the crisis, for this year it is estimated that the contraction in economic activity will be between 7% and 11%, and the open unemployment rate could increase from 5.5% to 8.5%.

Thursday, May 16, 2019

Nicaraguan Foundation for Economic and Social Development (Funides), contains estimates of the behavior of the country's economy for this year, within the framework of the political and economic crisis it is going through.

The document reviews that "... the estimations of contraction of the economic activity are maintained in up to -10.9%. In addition, the cumulative inflation rates up to December 2019 is estimated in the range of 6.4 and 7.9 percent.

This result considers effects of the tax reform, that temporarily pushes inflation up, however, predominates the effect of decrease in aggregate demand as a result of the recession in the short term, which decelerates the increase in prices.

The open unemployment rate is estimated to increase from 5.5 percent in 2018 to a range of 7.5 to 8.5 percent in 2019, that is, between 2 and 3 percentage points, equivalent to a range of 66,000 to 98,000 new unemployed
."

See full document.

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