Honduras Economic Outlook
January 15, 2019Economic growth slowed to a one-year low in the third quarter on the back of a significant contraction in fixed investment. In more positive news, private consumption remained resilient and public consumption increased. Meanwhile, the external sector made a greater contribution to economic growth after export growth picked up and import growth eased markedly. Turning to the fourth quarter, economic activity increased quickly in both October and November. Both months saw noticeably strong growth in the transport and storage, industry and manufacturing, and financial sectors.
Honduras Economic GrowthRobust private consumption and resilient fixed investment growth are expected to drive the economy this year. The ending of Hondurans’ temporary protected status in the U.S. next year remains a significant downside risk, however. Met the why particular Consensus Forecast panelists forecast growth of 3.8% 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||24.29||-0.03 %||Jan 21|
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