TEGUCIGALPA, Dec 7 (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.
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.
"This year will be marked in the history of Honduras as the
year that three devastating elements hit us," said Hernandez,
speaking at an event.
"We are hard hit but we are not defeated," he added.
The economic fall for 2020 far exceeds the country's
previous record in 1954, when the economy contracted 6.5% due to
Honduras' economy was paralyzed under months of lockdown
provoked by the coronavirus pandemic. Hurricanes Eta and Iota
then tore through the region in November, affecting millions of
people with massive flooding, destroying infrastructure and
claiming at least 100 lives.
(Reporting by Gustavo Palencia; Writing by Cassandra Garrison;
Editing by Jonathan Oatis)