Nicaragua: Economic Situation First Quarter

The GDP growth projection of 4.5% for 2015 reflects the positive effect of increased investment and the reduction in oil prices.

Wednesday, April 29, 2015

From a statement issued by the Nicaraguan Foundation for Economic and Social Development (Funides):

The Nicaraguan Foundation for Economic and Social Development (FUNIDES) projects in its first Economic Situation report of the year that in 2015 the economy will grow by 4.5%. For the years 2016 and 2017 projected growth rates are of 4.2% each year.

The projection for 2015 reflects the current positive effects, especially the increase in investments and the full effect of oil price reductions. For 2014, growth estimated by the Central Bank of Nicaragua (BCN) was 4.7%, slightly lower than the growth of the Monthly Economic Activity Index (IMAE), which was 4.8%. The Foundation believes that economic activity accelerated in the last quarter of the year, mainly due to the reduction of oil prices, favoring some sectors and increased investment, accelerating the construction sector and the favorable external conditions, especially the growth of the US economy.

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