Precious Timber Update: ECLAC maintains positive outlook for Nicaragua’s economy in 2015

Managua, Nicaragua; August 12, 2015

According to the Economic Survey of Latin America and the Caribbean 2015, carried out by the Economic Commission for Latin America and the Caribbean (ECLAC), Nicaragua is among the fastest growing Latin American countries in 2015, with a 4.8 percent growth, along with the Dominican Republic.

Central America and Mexico will lead the economic growth of the region in 2015, with an average 2.8 percent growth. On the other hand, South America will face an economic slowdown of -0.4 percent.central-america-caribbean-map

In its report, ECLAC stresses that “the ability of countries in the region to accelerate economic growth will depend on the room they have to adopt countercyclical policies that especially stimulate investment, which will be key to reducing the effects of external shocks and thereby averting negative consequences in the medium and long term”.

In early 2015, the International Monetary Fund (IMF) stated that the economic growth of Nicaragua was robust. According to Ming Zhu, Deputy Managing Director of the IMF, the macroeconomic policies implemented by the Government of Nicaragua are positive and should serve as an example for Latin America.

Coliday’s Owner/Founder Craig Colley is the Head of Strategic Planning and
Advisory Board Chairman for Precious Timber.

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