Nicaragua
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1989 , pp 493-514
- Publication Date: 12月 1989
- DOI: https://doi.org/10.18356/1bfaf8d1-en
- Language: 英語
The most prominent feature of the Nicaraguan economy’s performance in 1989 was the control of hyperinflation. The annual variation in the level of prices fell from close to 34 000% to 1 700%. Some of the more dramatic elements of the previous year’s crisis were tempered, although a good deal of instability persisted. The central government’s deficit fell from26% of GDP to 5% as aresult of the sharp contraction of public expenditure. The rigorous fiscal policy made it possible to slow down the money supply, thereby becoming the main instrument against inflation.
© United Nations
ISBN (PDF):
9789210583299
Book DOI:
https://doi.org/10.18356/075cc9f2-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Nicaragua
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