Honduras Economic Outlook
February 18, 2020The economy is likely to have lost momentum in the final quarter of last year, with growth in the monthly index measuring economic activity easing in October–November compared to the third quarter. In particular, the agriculture, manufacturing and retail sectors lost momentum relative to Q3. Furthermore, private-sector credit growth moderated somewhat in October–November. More positively, the merchandise trade deficit narrowed in November; however, this was reflective of limp domestic demand as imports contracted at the steepest rate in over three years, while exports were broadly flat. This follows a third quarter in which economic growth accelerated on the back of stronger public consumption growth amid an infrastructure push.
Honduras Economic GrowthEconomic growth should shift into a higher gear this year as domestic demand strengthens amid a recovery in fixed investment. Moreover, a still-tight labor market and the extension of TPS of Hondurans living in the U.S. should underpin healthy private consumption. Volatile commodity prices and lingering political unrest, however, cloud the outlook. FocusEconomics Consensus Forecast panelists see the economy growing 3.0% in 2020, which is down 0.2 percentage points from last month’s forecast, and 3.2% in 2021.
Honduras Economy Data
5 years of Honduras economic forecasts for more than 30 economic indicators.
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|Exchange Rate||24.59||-0.03 %||Jan 01|
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