* 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.
End of preview - This article contains approximately 93 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options