Honduras Blogs, Comments and Archive News on Economictimes.com Honduras 2015 Shrimp Exports Fell 30%. Top 3 Trade Partners (2019): United States, China, and Mexico Top 3 Exported Goods (2019): Coffee & Spices, Fruit & Nuts, and Seafood The latest breaking news, ... Honduras. Americas. Secure .gov websites use HTTPS. Analysts see a big year for bank stocks in 2021. Manuel Zelaya says he had been ‘unjustly’ detained at Toncontin International Airport … In August, economic activity fell for the sixth month running, albeit at the softest pace since the crisis began in March, on the back of declining activity in the mining and quarrying, hotels and restaurants, construction, and … News. Honduras’ economy was paralyzed under months of lockdown provoked by the coronavirus pandemic. 'Hard Hit' Honduran Economy Tumbles on Virus, Back-To-Back Hurricanes, FILE PHOTO: Flood-affected people get on a boat to cross a street after passage of Storm Eta, in La Lima, Honduras November 7, 2020. By Catracha Hondurena on November 9, 2009 economy, honduras, minimum wage, political crisis Financial News. Overview. December 7, 2020. New details released on DOJ subpoena into Hunter Biden business dealings, Authorities discuss who should receive the COVID-19 vaccine first, Mo. Honduras economy contracts record 10.5% due to virus, hurricanes: Hernandez. November 10, 2020. By Reuters Staff. Published on 07:28 GMT. Hundreds of thousands at Honduras' shelters after hurricanes. Honduras on Monday began gradually reopening its economy after almost three months of paralysis during the coronavirus pandemic, even as some doctors … The first development project or “Prosperity Hub” is taking place on the island of Roatán, incorporated within the Próspera Platform, a legal, governance and regulatory framework designed to catalyze economic development, employment and prosperity for all. Americas. Breaking News, Latest News and Current News from OANN.com. Trade Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. Honduras Top 10 Exports REUTERS/Jorge Cabrera/File PhotoReuters. Updated . In already poor Honduras, coronavirus pushes some into homelessness. These are New York's biggest financial planning firms based on assets under management. (Reporting by Gustavo Palencia; Writing by Cassandra Garrison; Editing by Jonathan Oatis). "We are hard hit but we are not defeated," he added. Honduras has enjoyed moderate economic growth since 2010 after a sharp decline in 2009 that had occurred due to the global economic downturn and Honduras’ domestic political crisis. Economy of Honduras The economy of Honduras is based mostly on agriculture, which accounts for 14% of its gross domestic product (GDP) in 2013. DALLAS, Dec. 7, 2020 /PRNewswire/ -- Jacobs (NYSE:J) was selected by Honduras Próspera to assist in community planning services to advance economic … Honduras' economy was paralyzed under months of lockdown provoked by the coronavirus pandemic. The people of Honduras rely primarily on just a few exports, primarily coffee and bananas. It was the second consecutive contraction and the sharpest on record, officially entering into recession as the coronavirus pandemic hit the economy. (Reporting by Gustavo Palencia; Writing by Cassandra Garrison; Editing by Jonathan Oatis). Since colonial times, the Honduran economy has, for the most part, been based on one commodity--minerals before 1900 and bananas throughout the first half of the twentieth century. Comparative assessments and other editorial opinions are those of U.S. News TEGUCIGALPA (Reuters) - The Honduran economy is expected to shrink by a record 10.5% this year due to the combined crisis of the coronavirus and two deadly hurricanes last month, President Juan Orlando Hernandez said Monday, its worst performance in more than six decades. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. As of December 2018 Honduras, the second poorest country in Central America, suffers from extraordinarily unequal distribution of income, as well as high underemployment. In 2017, Honduras faced rising public debt, but its economy has performed better than expected due to low oil prices and improved investor confidence. Honduran ex-president stopped with $18,000 in cash at airport. In addition, much of the Honduras economy is diversified because of maquila investments and slower than expected export of non-traditional commodities. Honduras's New Economic Plan for Stability and Growth. The contraction was worse than a previous estimate by the country’s central bank of between 8% and 9% as the impoverished Central American nation struggled under the weight of the pandemic and hurricanes Eta and Iota. Honduras - Market OverviewHonduras - Market Overview Discusses key economic indicators and trade statistics, which countries are dominant in the market, the U.S. market share, the political situation if relevant, the top reasons why U.S. companies should consider exporting to this country, and other issues that affect trade, e.g., terrorism, currency devaluations, trade agreements. Stay on top of Honduras latest developments on the ground with Al Jazeera’s fact-based news, exclusive video footage, photos and updated maps. The Honduran maquiladora sector, the third-largest in the world, continued its strong performance in 2000, providing employment to over 120,000 and generating more than $528 million in foreign exchange for the country. It is a low/middle income country, with over 66 percent of its population living in poverty. Honduras has made significant progress in restoring economic stability and laying the groundwork for sustainable growth since completing its IMF-supported economic program in December 2017. Read more South Asians Are Shaping the Future of Science and Technology By - Vikram Zutshi. Subscribe. As income investors hunt for yield, they should consider these top dividend stocks to buy for 2021. Way to add diversification to a retirement portfolio partner offers may have expired find opportunities in and. 'S how to capitalize on the Honduran economy grew 4.8 % in 2000, recovering from Economic! 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