World Economy

Honduras Expects 3.6% Growth

Honduras Expects 3.6% GrowthHonduras Expects 3.6% Growth

Honduras’ economy will grow by at least 3.6% rate it notched last year, the finance minister of the impoverished Central American nation told Reuters. Wilfredo Cerrato also said he expected the deficit to edge up to 3.2% of gross domestic product from 3.1% last year. “In 2016, we expect that growth will not be less than 3.6% despite public spending restrictions and debt service,” Cerrato said. In 2014, President Juan Orlando Hernandez cut spending sharply to bolster public finances, which took a hit in 2009 after loans and international aid were suspended following a military coup against leftist President Manuel Zelaya.