Macroeconomic Forecast Nicaragua

September 2007 | Macroeconomic Forecasts

BMI View: The current account deficit in H107, at US$316mn, was lower than H106's outturn of US$380mn, putting downside risks to our year-end forecast of US$900mn (or 0.85% of GDP). The biggest reason for the narrowing gap was the trade deficit, which shrank by US$60mn to US$610mn, although a small dip in debt servicing costs (following multilateral forgiveness measures) also helped matters.

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