Back

LatinNews Daily - 26 October 2020

In brief: Honduras’s economic activity shows signs of recovery

* Honduras’s central bank (BCH) has released new figures for its monthly economic activity index (Imae), which show that this contracted by 8% year-on-year in August, as a result of the impact of the coronavirus (Covid-19) pandemic. The sectors worst hit were hotels and restaurants (-63.6%); private construction (-21.3%); transport and storage (-21.2%); and mining and quarries (-19.6%). However, the BCH noted that the Imae figure for August was an improvement on the 12.3% year-on-year contraction registered in July. It cited the impact of the partial recovery of textiles manufacturing, trade, and other activities, following the start of the process of reopening the economy, which began in June. The latest forecast from the United Nations Economic Commission for Latin America and the Caribbean (Eclac) predicted that the country’s GDP will contract by 6.1% in 2020.

End of preview - This article contains approximately 140 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.