Honduras: Positive Signs in Economy

©image: Alex Steffler

Even before the political crisis of June 2009, the economy was dealing with the international economic crisis, which caused an 8% drop in the gross domestic product. From October 2008 to December 2009 economic activity shrank, triggering the loss of 200.000 jobs.

“Manuel Bautista Orellana, president of the Association, explained that one of the positive factors is Porfirio Lobo’s rapid work in reestablishing relations with international finance organizations and major commercial partners”, reported Latribuna.hn. “On January 2010, the Monthly Index of Economic Activity began moving up, a trend that was confirmed by April 2010 data”.

Source: latribuna.hn

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