Tag "Hurricane Eta"

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Central America Economics

Nicaragua: Risks to Economic Recovery in 2021

Like most other countries, Nicaragua’s economy slowed in 2020 owing to the international effects of the COVID-19 pandemic. Nicaragua was also affected by a rough hurricane season, sustaining damage particularly from Hurricanes Eta and Iota. Compounding these challenges, the country’s political environment remains an obstacle to encouraging foreign direct investment and improving the country’s socioeconomic situation. How is Nicaragua’s situation likely to change in 2021?