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From bad to worse, Nicaragua's economic forecast

Thursday, November 1, 2018


The International Monetary Fund has forecast 4 percent negative growth this year for Nicaragua's economy amid a asevere political and economic crisis. But worse is still to come, forecasts the Funides think tank.

For next year, unless the crisis is at least partly resolved, negative growth will reach 5 or even more than 8 percent, Funides forecasts.

Funides, as it had often in the past, emphasized the importance of the need for the government to show political will to back a peaceful solution to the crisis in terms of human rights, in addition to generating confidence in the economy.