Honduras registered a 4.5% YoY expansion in its monthly index of economic activity in December, accelerating from a 2.9% growth rate in November and breaking a four-month deceleration trend. The economy grew by 3.8% in 2023 despite slowing remittance growth and a manufacturing slump. Meanwhile, the country’s trade deficit narrowed to USD 8.0 bln in 2023, a USD 0.5 bln improvement from 2022, driven by a 6.6% decrease in imports.