Honduras Economic Outlook
December 7, 2017Honduras’s worst political crisis in nearly a decade erupted following the disputed 26 November general elections in which both the ruling National party and the Opposition Against Dictatorship (OAP) alliance claimed victory. Irregularities surrounding the ballot count—the opposition’s strong early lead was eroded after officials slowed the count—led the OAP’s Salvador Nasralla to declare the vote as stolen by incumbent Juan Orlando Hernández. A 10-day curfew was enforced in the aftermath of the vote as protest-related violence erupted nationwide. Moreover, the unfolding crisis, which is likely to drag on economic activity and foreign investment, came just as leading data from Q3 suggested GDP growth was robust in the quarter, while remittances through October were strong.
Honduras Economic GrowthRecent political events notwithstanding, a buoyant U.S. economy and the continued recovery of the agricultural sector are expected to support household spending next year, propelling GDP growth. That said, uncertainty over the direction of U.S. immigration policy is weighing on the outlook. Our panelists expect GDP growth to reach 3.7% next year, up 0.1 percentage points from last month’s forecast, and 3.6% in 2019.
Honduras Economy Data
5 years of Honduras economic forecasts for more than 30 economic indicators.
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|Exchange Rate||23.54||-0.03 %||Dec 06|
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