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As US sanctions loom, Nicaragua’s economy poised for difficult year

Thursday, January 4, 2018


It could be a long 2018 for Nicaragua and President Daniel Ortega. The country’s economy may slow down significantly should the United States decide to issue sanctions, and internal financial problems threaten its stability as well.

Nicaragua grew in recent years by as much as five percentage points, but the threat of sanctions from the US government have already begun to make a difference for the worst, as 2017 closed with an economic growth of only 4.5 percent, according to the economist Néstor Avendaño.

Source: PanamPost