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Weekly Report - 05 July 2018 (WR-18-26)

TRACKING TRENDS

HONDURAS | IMF visit. On 3 July, the International Monetary Fund (IMF) published a statement after concluding an Article IV consultation with Honduras. The statement notes that Honduras successfully concluded its 2014-2017 Fund-supported program, which it says was “instrumental in restoring investor confidence and reducing macroeconomic imbalances”. The statement notes that the Honduran economy grew by 4.75% in 2017, well above expectations and boosted by “domestic demand, mainly private consumption supported by record remittances inflows and public investment”. It adds that headline inflation picked up to 4.75% from 3.25% in 2016 on the back of strong demand and rising oil prices, while the fiscal deficit increased slightly from 0.5% of GDP in 2016 to 0.75% of GDP in 2017.

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