TEGUCIGALPA, April 15 (Reuters) - Honduras expects its economy to grow between 2.5 percent and 3.5 percent next year as the economic crisis in the United States subsides, the head of the central bank said on Wednesday.
'We are confident the U.S. economy will recover and in 2010 we expect growth of up to 3.5 percent and sustainable growth going forward from then,' said central bank president Edwin Araque.
Honduras' economy has lost thousands of jobs due to the slowdown in U.S. demand for its exports. Remittances from migrants in the United States amount to 21 percent of Honduras' GDP.
The government expects GDP growth of between 2 percent and 3 percent this year. The economy expanded by 4 percent in 2008 and 6.3 percent in 2007.
(Reporting by Gustavo Palencia) Keywords: HONDURAS ECONOMY/ (R.Campbell@thomsonreuters.com; +5255-5282-7142; Reuters Messaging: robert.campbell.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We are confident the U.S. economy will recover and in 2010 we expect growth of up to 3.5 percent and sustainable growth going forward from then,' said central bank president Edwin Araque.
Honduras' economy has lost thousands of jobs due to the slowdown in U.S. demand for its exports. Remittances from migrants in the United States amount to 21 percent of Honduras' GDP.
The government expects GDP growth of between 2 percent and 3 percent this year. The economy expanded by 4 percent in 2008 and 6.3 percent in 2007.
(Reporting by Gustavo Palencia) Keywords: HONDURAS ECONOMY/ (R.Campbell@thomsonreuters.com; +5255-5282-7142; Reuters Messaging: robert.campbell.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.