Economic Survey of Latin America and the Caribbean 1993

image of Economic Survey of Latin America and the Caribbean 1993

Issued in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary statistical tables are included.




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.


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