Caribbean & Central America - April 2015 (ISSN 1741-4458)

Still going strong: The 2014 annual report from Nicaragua’s central bank (BCN) highlights strong growth last year. According to the bank’s own figures, GDP reached 4.7% in 2014, fuelled by a surge in house-building. The United Nations Economic Commission for Latin America and the Caribbean (Eclac) forecasts growth of 5% for Nicaragua this year. The BCN noted that there had been a reduction in Nicaragua’s current account deficit over the year by four percentage points, so it now stands at 7.1% of GDP. Inflation for the year was 6.48%.

End of preview - This article contains approximately 318 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial