The Nicaraguan economy will shrink by 3% in 2018 due to a severe crisis – La República CE



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Managua April 21, 2018 A Protestant who faced the riot police was hit by a bang in the head and was left unconscious on the road. Foto Jader Flores / LA PRENSA

The "serious crisis" that Nicaragua has been going through since April is going to claim another victim, the Nicaraguan economy, which this year alone is estimated at 3% of its product gross domestic product (GDP), explained the director general of the stock market of this country, Gerardo Argüello.

The stock market expert told Efe that his country "is facing a very difficult political and economic situation that is resulting in a very strong recession throughout the economy."

"The projections speak of a decrease of one, three, five (%), you do not know the truth, because you do not know how this year will end, but I can tell you that Nicaraguan companies are facing to a substantial decline in their sales, "he said.

He clarified that "the entire economy is not paralyzed, that is, producers continue to produce." Open, people in agriculture continue to produce their rice, their beans, everything, but obviously there is a crisis problem that affects us all.There are 250,000 new unemployed, and this has an impact on the lives of all. "

" There are many of people who want to leave the country, it is a tragic situation, "he said. to decrease by three percent, we will have (in 2018) a gross domestic product that will be 97% the year before, still in motion ", but by 2019" if the political situation is not resolved, it will be more critical, "explained the stock market expert more specifically.

Gerardo Argüello said that" some sectors of the economy are paralyzed, such as tourism, for example the service sector, the restaurants and other sectors of the economy. they have a relatively active activity. "

" It is a political crisis that requires an institutional solution that has not yet been found. The people of Nicaragua are generally confronted with the government without finding a peaceful institutional solution to resolve this conflict. "

Argüello recalled that the dialogue table, which coordinates the Catholic Church, is" the body that believe that you can find a solution. The Catholic Church presented a plan to the government and did not accept it, it was not discussed and until now there is no viable plan on Table. "

" Clearly, all Nicaraguans want a peaceful solution. that violence is over and that Nicaragua is again on the path of development and progress, but finding that formula is difficult, "he said.

Argüello lamented that" violence is deeper, there are 400 dead, hundreds of missing, removed and you do not see the end. "

Consulted on the well known Nicaraguan interoceanic chain, he said that" this is no longer, it has not been touched in the media for many years. in Nicaragua. I think it's a hidden problem, at least we do not talk about it, we do not know anything, there is no information and it is supposed to disappear. "

At least 448 people died in a 100-day crisis in Nicaragua, since protests began against President Daniel Ortega on April 18, the Nicaraguan Association of Human Rights (ANPDH) , non-governmental, reported today

During this same period, 2,800 people were injured for a lifetime, and 595 are missing, detailed executive secretary of the ANPDH, Álvaro Leiva.

Protests against Ortega and his wife, Vice President Rosario Murillo, began on April 18, due to failed reforms Social Security and became a claim that calls for the resignation of the president, after eleven years in power, with accusations of abuse and corruption against him EFE

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