Honduras: Divergent Economic Outlook

While the IMF estimates that next year the economy will show signs of recovery, for businessmen, the entity's outlook is overly optimistic.

Thursday, November 14, 2019

At the beginning of November, an International Monetary Fund (IMF) mission arrived in the country, and at the end of its visit stated that Honduras has experienced a moderation in economic growth in recent quarters, but anticipates a recovery next year.

The international organization reported that the country has made significant progress in implementing its economic program, which seeks to promote inclusive growth through cautious macroeconomic policies and structural and governance reforms, according to the report of the international organization.

For the business sector, the IMF's assessment is not consistent with reality. Juan Carlos Sikaffy, president of the Honduran Council of Private Enterprise (Cohep), told Elheraldo.hn that "... The evaluation of the IMF at the macro level, seems to us quite optimistic, feeling that they are not related to our reality."

Sikaffy added that "... while some figures are in accordance with the macro fiscal framework, that does not reveal the level of the microeconomy, the reality of what is happening to companies in their sales, in their level of investment and in the effort to sustain employment that is in a precarious situation."

Do you need more information about your business sector?

Request more information about our services:

Name:

Last Name:

Company:

Title:

Phone:

Email:

Comments:

More on this topic

Honduran Economy: Good Forecast for 2020

November 2019

According to the IMF, Honduras has experienced a moderation in economic growth in recent quarters, but a recovery is expected next year.

Honduras has made significant progress in implementing its economic program, which aims to foster inclusive growth through prudent macroeconomic policies and structural and governance reforms, according to the international organization's report.

Economy: Slight Improvement in Central America

October 2019

After the economies of the region grew by 2.6% in 2018 as a whole, the IMF estimates that 2019 would close with a rise of 2.7% and could reach 3.4% by 2020.

The document "World Economic Outlook", prepared by the International Monetary Fund (IMF), states that for Panama the projected growth of the Gross Domestic Product (GDP) for 2019 was reduced from 5% to 4.3%.

How to recover from the crisis?

November 2018

Preserving macroeconomic and financial stability and restoring private sector confidence are part of the IMF's recommendations to the Nicaraguan government to mitigate the impact of the political and economic crisis.

A team from the International Monetary Fund (IMF) visited Nicaragua, and after evaluating the situation of the economy after more than six months of social and political crisis, forecasts a 4% contraction of the Gross Domestic Product by 2018.

IMF: Nicaraguan Economy to Grow 1.8% in 2010

April 2010

The International Monetary Fund expects Nicaragua to grow 1.8% in 2010, well below the 2.7% forecast for the rest of Central America.

According to the Fund, in 2011 Nicaragua would also grow at a lower rate than its Central American neighbors: 2.5% vs 3.7%.

Nicaragua’s economic recovery, heavily based on its agricultural sector, would also fall below the Latin American average, estimated at 4% for 2010 and 2011.

 close (x)

Receive more news about Economics

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Dec 12)
Brent Crude Oil
63.08
Coffee "C"
135.20
Gold
1,475
Silver
16.830