Nicaragua's economic activity drops to -12.1 percent as a result of the crisis – Diario Digital Our Country

The IMAE in June last year was 3.9 percent, but already in May of this year it was minus 4.9 percent and in June it reached minus 12.1.

However, still The average annual growth amounted to a positive 1.3 percent, but decreased because last May was 2.6 percent and in June 2017 5.2 percent.

Cumulative variation it also gives red numbers in -1.2 percent, but in May it was 0.9 and in June 2017 it was 6.1 percent, the entity explained in his document.

The BCN indicated in the report that only 4 of the 17 measured activities showed higher growth in June: agriculture by 3.9 percent, health by 3.6 percent, education by 2.2 percent and private property by a 1, 3 percent.

Hotels and restaurants reported a decrease of 45.9 percent, followed by a construction of minus 35.6; trade with minus 27.1; cattle with less 25.7 and less 17.4 percent less in the processing industry, one of the most pronounced shrinkage, according to data from the BCN.

The processing industry dropped by 17.4 percent, due to reductions in the production of meat, beverages, textiles, non-metal products, armor, petroleum derivatives, among others, the bank said.

The IMAE is an indicator that measures the 17 most important sectors of economic activity in a country and is used for investment decisions.

Until April 18, the date of the crisis, Nicaragua was one of the countries with the highest economic growth in Central America and expected an expansion of 4.5 to 5 percent. percent, with an accumulated inflation of between 5.5 and 6.5 percent in 2018.

Now the BCN calculates that the Nicaraguan economy as a result of the riots could grow 1 percent and the losses encrypted economically at 430 million dollars.

Nicaragua goes through the bloodiest socio-political crisis since 1980, which has been dead between 317 and 449, with Daniel Ortega also as president.

The protests against President Daniel Ortega and his wife, the Vice President Rosario Murillo began with failed social security reforms and became a demand for the leader's resignation, after eleven years in power, with accusations of abuse and corruption against him. EFE

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