Nicaragua: Domestic Consumption DeclinesFrom January to October of this year, 13 out of 17 domestic consumption activities reported contractions over the same period in 2017.Thursday, December 20, 2018
The third report of the Economic Activities Monitoring of Nicaragua of the Superior Council of Private Enterprise (Cosep) and the Nicaraguan Foundation for Economic and Social Development (Funides), detail that the sales of urbanization companies that build homes of medium-high and high level from January to October of this year are 80% lower than those recorded in the first 10 months of 2017. ¿Busca soluciones de inteligencia comercial para su empresa?Do you need to keep track of the key economic indicators in Central America?Request more information about our Regional Economic Monitor. Need assistance? Contact us
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Nicaragua: Banking Agencies Keep ClosingAugust 2019 Since the beginning of the political crisis in the country, several banks have decided to close some of their service centers, and only during the first half of 2019 have 56 branches been reported closed. Nicaragua: Sales Keep FallingNovember 2018 In September, sales of houses in Nicaragua reported a fall of 80%, and sales of vehicles and hotels were reduced 75% and 70%, respectively, compared to the same month last year. Economic recession caused by the crisisOctober 2018 New World Bank projections estimate that because of Nicaragua's political crisis, the country's GDP will fall 4% this year and 1% in 2019. Investment projections fallOctober 2018 Businessmen in Nicaragua expect to reduce by at least 50% the investments they had previously planned for 2018, waiting for the problems affecting the country to be solved.
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