Current Account in Honduras
Honduras - Current Account (billions of U.S. Dollars)Economic growth likely moderated in the third quarter, but remained strong nonetheless, with the slowdown largely reflecting a less supportive base effect. Economic activity grew at the weakest pace in six months in August, due to softer expansions in the mining and quarrying, manufacturing, construction, and hotels and restaurants sectors. On the other hand, cooling inflationary pressures bode well for household spending, while strengthening private-sector credit growth hints at firming investment. Meanwhile, the country is gearing up for the 28 November presidential election. The ballot will likely be a close call given the small lead enjoyed by Nasry Asfura of the ruling right-wing National Party over the left-wing Liberty and Refoundation Party’s Xiomara Castro. As such, the result is likely to be contested, which could affect stability and governability ahead.
Honduras - Current Account (USD bn) Data
|Current Account Balance (USD bn)||-1.0||-0.6||-0.2||-1.3||-0.2|
5 years of economic forecasts for more than 30 economic indicators.
Honduras Current Account (USD bn) Chart
Source: Honduras Central Bank and FocusEconomics calculations.
|Exchange Rate||24.59||-0.03 %||Jan 01|
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