Nicaragua: Economic Situation Report, III Quarter

A report by Funides for August 2012 indicatges the national and international economic situation, growth projections from 2012 to 2014, road and energy investment needs, and a possible tax reform.

Friday, August 17, 2012

From the Executive Summary of the Third Report on economic conditions in 2012:

Economic activity continues to grow at a relatively high rate but lower than in 2010-11. FUNIDES in its baseline scenario projects that the economy will grow by 3.6% this year and 4% on average in 2013-2014.

However, these projections assume that the external environment, particularly in the Eurozone, will gradually improve. Conversely, if the external environment deteriorates in the coming months, the 2013-14 growth could fall to 2%. Internal risks, linked to the upcoming election and fiscal reform, could also result in less growth than that in the baseline scenario.

The tax reform proposal presented by the Government last month is still too general to evaluate. For now FUNIDES recommends that the country’s tax burden should not be raised further and even less that of current taxpayers. What is required is to broaden the tax base and continue moving towards a simpler, more efficient, and equitable tax system.

More on this topic

Nicaragua: Growth with Risks in 2013

December 2012

Analysis of the interrelationships of the main economic activities in Nicaragua and updated growth projections 2012-2014

From the introduction of the Economic Situation Report, 4th Quarter 2012, by the Nicaraguan Foundation for Economic and Social Development (Funides):

Nicaragua: Economic Situation in June 2011

July 2011

FUNIDES has projected economic growth of 3.5% to 4% for 2011-2013, noting that these are various risks that make the projections err towards the downside.

The executive summary of the second situation report by the Nicaraguan Economic Foundation for Economic and Social Development (FUNIDES) 2011 begins:

Economy of Nicaragua 2012

January 2012

First Economic Situation Report 2012 has been issued by the Nicaraguan Foundation for Social and Economic Development.

Executive summary of the report by FUNIDES:

External Environment

The growth of world economy and in particular in the advanced economies in 2011 was lower than anticipated.

Regional Production and Inflation Continue to Drop

April 2009

Situation Report for March 2009 by the Executive Secretary of the Central American Monetary Council (SECMCA).

The Central American - Dominican Republic region could experience economic stagnation or a slight decline in 2009. According to what was published in the February report, econometric projections of regional economic growth already considered that the area of economic stagnation is at its bottom point.

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