Not a Good Year for transport businessBecause of the social and political crisis, businessmen working in the freight transport sector in Nicaragua estimate that by the end of this year their operations will have been down by up to 25%.Wednesday, November 21, 2018
According to the Transporters Association of Nicaragua (ATN), the crisis that began in April this year has caused losses in cargo transport activity in the country, and the operations of companies in the sector are estimated to register a 25% reduction in 2018 compared to 2017. Source: elnuevodiario.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Million-dollar Losses for TourismFebruary 2019 Because of the crisis affecting the country since April last year, it is estimated that during 2018 the losses of the Nicaraguan tourism sector totaled $440 million, and more than 62 thousand jobs disappeared. 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. The Real Impact of the CrisisSeptember 2018 Five months after the socio-political crisis in Nicaragua, it is estimated that this year Gross Domestic Product will contract between by 2.1% and 4%, in real terms. Complicated Economic OutlookJune 2018 In the optimistic scenario, which foresees an end to the crisis in Nicaragua by the end of July, economic growth at the end of 2018 would be only 1.7%, with $400 million losses in added value.
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