Hidden Bibliographic Details
| Varying Form of Title: | Nicaragua, 2015 article IV consultation
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| Other authors / contributors: | International Monetary Fund, issuing body.
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| ISBN: | 1498390706
9781498390705
9781498390705
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| ISSN: | 1934-7685
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| Notes: | "February 2016."
Includes bibliographical references.
Online resource; title from pdf title page (IMF Web site, viewed February 5, 2016).
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| Summary: | Context. Commitment to macroeconomic stability has characterized government policies. Over the last three years, real GDP growth has averaged 4.8 percent, one of the highest in the region, while inflation has remained anchored by the exchange rate regime. The external current account deficit has declined, reflecting a smaller oil bill due to both lower oil prices and increased reliance on renewable energy sources. Outlook and Risks. A moderate deceleration in real growth is projected in 2015 followed by a small pickup in 2016, owing to the projected recovery in foreign demand and an increase in election-related spending. Poverty has fallen sharply but unemployment has edged up due in part to a decline in manufacturing activity. The fiscal stance has become modestly more expansionary and, as a result, public debt ratios are expected to stabilize in contrast with the reduction envisaged in previous consultations. Risks are, however, tilted to the downside. A deterioration in the financial terms or levels of the Venezuela oil cooperation could increase pressures to absorb quasi-fiscal spending into the budget. Structurally weak growth in key advanced and emerging economies and a persistent decline in prices of major export products would also negatively impact Nicaragua.
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| Other form: | Print Version: Nicaragua : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nicaragua. Washington, D.C. : International Monetary Fund, 2016. 9781498390705
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| Standard no.: | 10.5089/9781498390705.002
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