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Honduras outlook is stable growth, says IMF

Monday, November 19, 2018

Macroeconomic conditions in Honduras have remained stable and growth is expected to be resilient over the next years, a team from the International Monetary Fund concluded.

After rapid growth in 2017, economic activity is expected to reach 3.5 percent this year, close to its trend. On the back of higher world oil prices, annual inflation reached 4.7 percent in end-October, within the 4.1 percent central bank target range, said team leader Esteban Vesperoni.

"The current account deficit is projected at 3.25 percent of GDP in 2018, amid declining terms of trade due to lower coffee prices and higher oil prices. Buoyant activity in the U.S. and prudent macroeconomic policies will support growth in coming years," Vesperoni said.