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LatinNews Daily - 23 September 2020

In brief: Honduras’s economy continues to slump

* Honduras’s central bank (BCH) has released new figures for its monthly economic activity index (Imae), which show that the accumulated growth rate for the first seven months of 2020 was -10.2%, the latest sign of the impact of the coronavirus (Covid-19) pandemic. This compares with 2.9% growth in the same period in 2019. The sectors worst hit were hotels & restaurants (-50%); private construction (-32.7%); mining & quarries (-25.2%); and manufacturing (-21.1%). The latest forecast from the United Nations Economic Commission for Latin America and the Caribbean (Eclac) predicted that Honduras’s GDP will contract by 6.1% in 2020.

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