Nicaragua Infrastructure Report Q2 2016
BMI View: Nicaragua's booming construction industry will slow in 2016, as its major driver- residentialbuilding - continues to cool. A slowdown in the general economy, high-base effects, and poor investorsentiment will see a normalisation of growth, which will trend lower over our 10-year forecast period to2025.
We expect the construction industry boom to cool significantly in 2016 as the residential building sectorcontinues to slow and the headline figure is pulled down by strong base effects.
A poor operational environment and general economic slowdown will present headwinds to constructiongrowth, which we forecast to expand by 7.4% in real terms in 2016, but then average 2.6% growth overour forecast period (2016-2025).
We highlight that we do not include the construction of the USD50bn inter-oceanic canal in our forecasts.
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