LatinNews Daily - 17 February 2023

In brief: Honduras’ central bank hails economic resilience

* Honduras’s central bank (BCH) has released new figures which show that the country’s monthly index of economic activity (IMAE) in December 2022 was up by 2.8% compared with December 2021 while accumulated growth for 2022 was 4.2%. The BCH highlights that the sectors driving growth in 2022 were financial intermediation, insurance & pension funds (+14.0%); manufacturing industry (+5.7%); transport & storage (+13.0%); hotels & restaurants (+22.5%); trade (+2.0%); private construction (+8.6%); and telecommunications (+1.5%). Agriculture and “other services” were the only sectors to post declines, of 1.7% and 14.5% respectively. The IMAE figure for December follows 0.4% year-on-year growth in November 2022 and 1.9% year-on-year growth in October. The 2022 growth rate follows 11.8% GDP growth in 2021, a rebound from the 8.5% contraction registered in 2020 due to the impact of the coronavirus (Covid-19) pandemic.

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