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LatinNews Daily - 26 May 2020
In brief: Honduras’ economic activity slumps in Q1 2020
* Honduras’ central bank (BCH) has released new figures for its monthly economic activity index (Imae) which show that it contracted by 2% year-on-year in the first quarter of the year – a slump not seen since the 2009 economic crisis. This compares with growth of 3% in the same period in 2019. The slump stems from containment measures implemented by the Honduran government from mid-March to stop the spread of coronavirus (Covid-19). The United Nations Economic Commission for Latin America & the Caribbean (Eclac) is forecasting Honduras’ GDP will contract by 2.8% in 2020.
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