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Economy / Honduras

Macroeconomic Forecast Honduras

October 2008 | Macroeconomic Forecasts

BMI View: Honduras' trade account registered a deficit of US$3.5bn in the first seven months of the year (from US$2.5bn in the same period in 2007), according to latest figures released by the Banco Central de Honduras (BCH). In line with trends witnessed across the region, surging import growth was mostly to blame for the deterioration, rising at an average monthly clip of 34.7% y-o-y. Exports, meanwhile, also fared well, rising by on average by 24.1% y-o-y. As such, we are relatively confident that the trade account is on course to meet our full-year projection of a US$5.2bn shortfall.

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