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Moody's urges caution on Nicaraguan economy

Friday, December 14, 2012

In recent years, Nicaragua’s foreign direct investment has grown exponentially, exports have doubled, the trade deficit has decreased, poverty has been reduced slightly and the economy has expanded.

Yet despite Nicaragua’s gains, the long view of the country’s economic growth potential is still a bit dubious, according to Moody’s Investor Service.

“Nicaragua’s long-term growth prospects remain hindered by structural deficiencies,” the credit rating agency said in a country report released.

Source: Nicaragua Dispatch