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LatinNews Daily - 01 July 2020
In brief: Honduras’s GDP shrinks in Q1
* Honduras’s central bank (BCH) has released new figures which show that the country’s GDP contracted by 1.5% in the first quarter of 2020 compared with the same quarter in 2019, and by 2.6% compared with the fourth quarter of 2019. According to the BCH, the contraction stems from the shutdown of the economy implemented in mid-March as part of efforts to stop the spread of coronavirus (Covid-19). The United Nations Economic Commission for Latin America and the Caribbean (Eclac) is forecasting that Honduras’s economy will contract by 2.8% in 2020.
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