With hotels, restaurants, bars, stores, workshops and even tortilla sellers driven out of business or struggling to survive, and with thousands of people left jobless, the turbulent political crisis sundering Nicaragua has taken a broader toll, plunging its economy into a tailspin.
The wave of violence unleashed during harshly repressed anti-government protests has left some 220 people dead.
What had been a vibrant tourism industry has been devastated, with ripple effects on the broader economy in a country that was already one of the poorest in the Americas.
Business closings have left 200,000 people jobless, and unless the crisis ends soon, some 1.3 million of Nicaragua's 6.2 million people "risk falling into poverty," according to a study by the Nicaraguan Foundation for Economic and Social Development (Funides)....
Yup!! It's Daniel Ortega again!! He'll be giving the high-five to his komrade Maduro of Venezuela any day now, and probably sending a Castro Brothers cigar to their mutual pal Obama.
Post a Comment