Honduran Economy Hurt by Declining Coffee, Banana Prices

The Honduran economy is still recovering from the global financial crisis, compounded by a fall in global prices for bananas and coffee, the World Trade Organization (WTO) said.

Gross domestic product in Honduras expanded at an average annual rate of 2.5 percent between 2009 and 2014, the WTO said. That level wasn’t enough to improve living conditions or reduce poverty, according to the organization’s six-year trade policy review.

The Honduran GDP growth rate increased to 3.5 percent in 2015, but the country has the highest level of economic inequality in Latin America and remains vulnerable to external economic shocks, ...