ECONOMIC OVERVIEW: HONDURAS

The trade deficit for the first five months of the year increased by 47% compared with the same period of 2006, thanks to a 30% increase in imports. This surge prompted the central bank president, Gabriela Núñez to forecast that the economy would grow by 6% this year.
The trade deficit in the first five months of 2007 was US$1.742bn, up US$559m on the same period of 2006. Imports were US$2.66bn while exports came to US$919m. Imports were up by 30% and exports up by 7%.

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