Honduras: Economic Expectations for January – 2019

During the first month of the year, GDP growth at the end of 2019 was forecast at 3.9%, and by 2020 the variation is expected to be 4.2%.

Wednesday, March 6, 2019

In January 2019, the Index of Confidence in Economic Activity increased to 63.1 points (59.1 in the previous month), where 49.7% is explained by the result of current economic activity and 50.3% by future activity, reports the Central Bank of Honduras (BCH).

The BCH document notes that "... Analysts perceive that the country's macroeconomic stability may attract new investments that will boost production and generate employment; they also believe that measures should still be taken to guarantee low and stable inflation.

According to the analysts consulted, in January 2019 the year-on-year inflation would be at 4.21% and by the end of the year they estimate 4.57% (4.88% in the survey of the previous month). In a 12-month panorama (January 2020), it is foreseen that the year-on-year inflation would be 4.61%, and at the closing of that year it would be at 4.78%; values that would be within the tolerance range determined in the Revision of the 2018-2019 Monetary Program (4.0% ± 1.0 percentage point).

The interviewees revealed that the factors that could influence the behavior of inflation this year are: the rise in fuel prices and its effect on the cost of electricity and transportation, some food and certain raw materials
."

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More on this topic

Economic Expectations Improve to February 2020

March 2020

During February in Honduras, the Economic Activity Confidence Index registered a 15% increase compared to that reported in January 2020.

The informants said that the main macroeconomic variables are within the current Monetary Program, highlighting the strength of the U.S. economy and its effect on Honduras, mainly in attracting family remittances, explains the Central Bank report.

Honduras: Economic Expectations Still Falling

September 2019

In August, the Index of Confidence in Economic Activity registered a 7% decrease with respect to the previous month, a drop that complements the inter-monthly drop reported in July of this year, which was 17%.

According to those consulted, factors such as the lack of political consensus, weakening of institutional credibility and the social panorama are elements that affect the business environment, reported the Central Bank of Honduras (BCH).

Honduras: Economic Expectations up to April 2019

May 2019

During the fourth month of the year, GDP growth at the end of 2019 was forecast at 3.6%, and by 2020 the variation is expected to be 3.9%.

From the Central Bank of Honduras report:

According to those surveyed, in April 2019 the year-on-year inflation would reach 4.24% and by the end of the year are expected to be at 4.52% (4.56% in the survey of the previous month).

Honduras: Economic Expectations for February – 2019

March 2019

During the second month of the year, GDP growth at the end of 2019 was forecast at 3.8%, and by 2020 the variation is expected to be 4.2%.

In February 2019, the Index of Confidence in Economic Activity was 63.5 points (63.1 in the previous month), where 46% is explained by the result of current economic activity and 54% by future activity, explains the Central Bank of Honduras.

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