Honduras Economic Outlook
May 14, 2019The economy appears to have slowed in the first quarter of the year. Economic activity growth softened further in February after January’s slowdown, weighed on by falling mining and quarrying supply, while growth in agricultural activity eased. On a brighter note, the financial and insurance sector continued to post strong gains. Merchandise trade data echoed the moderation: Exports contracted on weaker revenue from coffee, gold, palm oil and banana shipments, in the face of depressed commodity prices, especially for coffee. In other news, in early May the IMF and Honduras agreed on a two-year standby facility of USD 311 million. The precautionary credit arrangement will support economic reforms focused on improving the sustainability of the public finances.
Honduras Economic GrowthThe outlook for this year remains favorable and strong domestic demand should continue to support growth. However, the outlook is clouded by fluctuations in commodity prices, uncertain U.S. foreign policy regarding development funding and the potential termination of Hondurans’ TPS in 2020. Met the why particular Consensus Forecast panelists see the economy growing 3.7% in 2019, which is unchanged from last month’s forecast, and 3.5% in 2020.
Honduras Economy Data
5 years of Honduras economic forecasts for more than 30 economic indicators.
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|Exchange Rate||24.11||-0.03 %||May 13|
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