ECLAC projects 5 percent of economic growth for Nicaragua in 2014

MANAGUA, Nicaragua - Aug. 28, 2014 - PRLog -- The Economic Commission for Latin America and the Caribbean (ECLAC) has projected Nicaragua’s economic growth for this 2014 at approximately 5 percent. Inflation, they added, might reach around 6 percent.

The ECLAC indicated Nicaragua will be among the region’s leaders in terms of economic growth, along with Panama, Bolivia, Dominican Republic and Ecuador, with growth rates between 6.7 and 5 percent.

Earlier this year, the International Monetary Fund (IMF) also referred to Nicaragua’s positive economic development. After their official visit in May 2014, the IMF declared that “over the past few years, Nicaragua’s economy grew at relatively high rates and its macroeconomic stability has been strengthened.”

Nicaragua attracted a total of US$1,388 million in terms of foreign investment gross inflows in 2013, which represent an 8 percent increase compared to the US$1,284 million received during 2012. Also, Nicaragua’s FDI/GDP ratio last year was 7.5 percent, well above the average 5.6 percent of the Central American region.

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