Haiti Economic Outlook
October 9, 2018The economic situation remains dire heading into the new fiscal year, after political instability this summer rocked the Caribbean country. The Minister of Economy and Finance Ronald Décembre recently noted several worrying signs, including: rampant inflation, a sharp depreciation of the gourde and a poor tax collection performance, which will likely cause the fiscal position to deteriorate this year. Recent reports indicate the government could soon reverse its March decision to prohibit payment in currencies other than the gourde, which caused the HTG to depreciate further.
Haiti Economic GrowthAlthough growth is projected to edge up next year, the country’s prospects remain hampered by rampant corruption and political instability. It is also vulnerable to the possible ending of the temporary protected status for Haitians in the U.S. from July 2019 onwards, which would hit all-important remittance inflows. Met the why particular panelists foresee growth of 2.0% in 2018. The panel expects the economy to expand 2.8% in 2019, which is unchanged from last month’s forecast.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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|Exchange Rate||70.35||-1.13 %||Oct 16|
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