During 2009 the Honduran economy was seriously hit by the global
slowdown and by an internal political crisis. The GDP decreased
almost 2% and unemployment increased significantly. The fiscal
situation experienced a marked deterioration and gross
international reserves fell by around $360 million reaching its
lowest level since 2006.
Although the external conditions have experienced a slight
improvement this improvement has not been reflected in the
country´s economic growth and recovery is still facing
risks.
The new economic program
The Honduran Government with the aim of establishing the
conditions for a solid and sustainable mid- term growth has began
to implement key reforms designing an economic program (the
Program) for 2010–2011 focused on decreasing the
macroeconomic imbalances and strengthening the public sector
finances.
