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Economy / Honduras

Macroeconomic Forecast Honduras

August 2006 | Macroeconomic Forecasts

The central bank is forecasting GDP growth this year of between 5% and 5.5% as a result of the expansion of the farming, industry and commerce sectors. However, there are continued warnings of the negative impact on growth prospects from high oil prices, since Honduras is a net importer of oil. Notwithstanding higher oil prices, the official target for year-end inflation remains at 5.5% to 6.5%. Stronger sales abroad from maquila-related industries will benefit from the entry of Honduras this year into DR-CAFTA.

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