LatinNews Regional Monitor: Caribbean & Central America - 18 October 2018

* Nicaragua’s central bank (BCN) has released figures which show that GDP contracted by 3.9% in August 2018 compared with the same month in 2017. This brings year-on-year GDP growth to -3.6%. The BCN also highlighted, however, that the figure for August 2018 was still better than the 4.2% contraction registered in July. The continued contraction in economic growth is due to the political crisis which began mid-April stemming from the crackdown by the administration led by President Daniel Ortega on anti-government protesters, which has left over 500 people dead. 

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