1945

The economy of Honduras grew by 4% in 1993, due to growth in domestic demand, driven to a large extent by increased fiscal expenditure. Gaps in both the fiscal and external accounts, however, widened considerably. The central Government ran up its budget deficit to over 9% of output, while the deficit in the balance-of-payments current account expanded to 11 % of GDP, contributing to a loss of reserves equal to approximately 2.5% of output. There was a resurgence of inflation, which mounted quickly to 13%, equalling the figure for the previous year.

Related Subject(s): Economic and Social Development
Countries: Honduras
/content/books/9789210601207s002-c012
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
Chapter
content/books/9789210601207
Book
false
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error