Crisis Averted, But Recovery Slow

BMI View: Tough monetary policy measures implemented by Honduran central bankers at the outset of the last year's political crisis ensured that the country avoided a destabilising currency devaluation and sovereign debt default. However, while this sets lays the groundwork for a steady economic recovery in 2010, a still weak external environment means the new administration will struggle to stimulate real GDP growth in excess of 1.8%.

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