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Economic Survey of Latin America and the Caribbean 2007-2008

Macroeconomic Policy and Volatility

image of Economic Survey of Latin America and the Caribbean 2007-2008

The Economic Survey is one of ECLAC's flagship publications, and has been issued since 1948. This new edition covers the region's economic performance in 2007 and the first semester of 2008, and suggests growth estimates for this year.

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Nicaragua

Driven by buoyant exports, domestic investment and consumption, Nicaragua’s real GDP grew 3.8% in 2007, compared with 3.9% the previous year. Rising internal demand led to a significant increase in imports. Nominal inflation climbed sharply and reached 16.2% towards the end of the year. The central government fiscal deficit trended downwards (3.1% of GDP, not including grants), as did unemployment (4.9%).

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