According to a dispatch of the Central Bank of Nicaragua (BCN), on the state of the economy of the country and its prospects, there is currently economic stability and resilience, which could allow a positive and lasting performance.

The Bank´s note underlined that this growth is supported by a favorable external context in terms of international prices, which boosts the increase in the value of exports and external income from tourism, remittances, and foreign investments.

The report referred to the growth rate of Nicaragua’s economy, noting that it has the same dynamics as last year and is driven by the positive performance of most sectors, particularly services.

The Bank´s document also specifies that last February the monthly index of Economic Activity registered an accumulated growth of 3.4 percent (3.5 year-on-year), stimulated by hotel activities, restaurants, commerce, mining and quarrying, transportation, and communications, among other indicators.

In addition, the BCN mentioned the continuous increase in the said activity, which keeps the unemployment rate low (3.2 percent in February), increased formal work, while underemployment was reduced and labor participation gradually improved.

On the issue of inflation, the BCN text indicated that, on March last, signs of a slowdown were observed, reaching 10.39 percent annually.

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