Nicaragua Expects Inflation to be 3% to 5% in 2010

The Central Bank estimates the country's economy to grow between 1.5% to 2% in 2010, and inflation to fall between 3% to 5%.

Thursday, January 14, 2010

Antenor Rosales, president of the Central Bank of Nicaragua, explained that this growth estimate is based on the expected recovery of the global economy, an increase in remittances, exports and foreign direct investment.

"Another contributing factor will be the Free Trade Agreement with Panama, and the accords negotiated with Russia and the countries from ALBA", reported EPA.

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