Nicaragua: The central bank (BCN) has released the latest figures from its monthly economic activity index (Imae), which show that activity in the country fell by 12.1% in June. The June Imae figure is 16 percentage points lower than that registered in June 2017 and has been attributed to the generalised unrest in the country that began in mid-April following anti-government protests which have been heavily repressed by the government led by President Danilo Ortega. There have been recurrent anti-government demonstrations and violent clashes across Nicaragua since then. Prior to the onset of the crisis Nicaragua’s economy was one of the fastest growing in Central America with an average yearly growth rate of 4.5%. The BCN had initially projected a similar growth rate this year but has now revised its projections down to just 1%.
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