1945

Economic activity in Honduras recovered slightly (3.2%) in 2003 after a biennium of growth rates that barely kept pace with the increase in population. There was a significant upturn in investment, which became the most buoyant component of aggregate demand, outperforming the growth in consumption. The macroeconomic climate became more positive as inflation continued to fall (6.8%) and the exchange rate remained stable. The current account deficit and the central government’s fiscal deficit deteriorated slightly, as did labour market conditions.

Related Subject(s): Economic and Social Development
Countries: Honduras
/content/books/9789211555202s004-c014
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