Macroeconomic Forecast Nicaragua

Nicaragua's goods trade deficit fell to US$255mn through the first four months of the year according to latest data from the central bank, representing a 42.9% y-o-y decrease from the period last year. Exports fell to US$358mn through April, compared to US$469mn in the same time period in 2009. In contrast, imports dropped to US$613mn, marking a 42.9% y-o-y decline. In light of these figures we have revised down our forecasts for Nicaragua's trade deficit to US$861mn by end-2010, representing a 58.7% y-o-y decrease compared to 2009.

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