Nicaragua projects GDP growth of 3,5%

Managua, Jun 12 (Prensa Latina) Nicaragua is projecting a Gross Domestic Product (GDP) growth of 3,5% this year due to the increase in international prices that several items of the country's economy are registering today, it was reported here.

June 12, 2023
12:51

This is influenced by the arrival of more family remittances and the projections of the agricultural sector, actions that push the country’s growth, the Minister of Finance and Public Credit, Iván Acosta, said in a report. According to the minister, construction is changing and increasing, there is a good impact in financial services, more credit to production, consumption and commerce, and there is a good evolution of the tourism sector.

“We are above five thousand 600 million dollars on deposit”, he commented. Acosta mentioned that the referred figure of reserves constitutes a new mark in terms of currency strength, and highlighted the overall stability of the exchange rate.

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