1945

The economy grew by 4.5% in 2010, after shrinking by 1.5% in 2009, indicating that Nicaragua has recovered from the recent international financial crisis. This recovery is attributable to the rebound of exports by almost 32% (13.2% in real terms) and a slight increase in consumption (3.2% in real terms), reflecting the 3.7% growth in household consumption as a result of higher minimum wages, increased family remittances and the transfers to public sector workers using grants from the Bolivarian Republic of Venezuela.

Related Subject(s): Economic and Social Development
Countries: Nicaragua
/content/books/9789210550116s006-c006
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