Haiti Economic Outlook
August 7, 2018Surging political instability likely hampered the economy in the past few weeks, after the 6 July announcement of an IMF-backed hike in fuel prices led to massive public protests that eventually led to the resignation of Prime Minister Jack Guy Lafontant on 14 July. Furthermore, recent data shows the economy slowed in January–March due to a contraction in manufacturing and electricity output, while employment growth was also weak. On a more positive note, the country is expected to reach an agreement by the end of the year with Taiwan to rebuild the nation’s crumbling power grid.
Haiti Economic GrowthAlthough growth will likely increase this year on foreign-aid fueled reconstruction efforts, recent political instability threatens to derail the IMF-backed adjustment plan. This could paralyze the country and its government as social unrest—fueled by high levels of poverty and corruption—runs deep. Met the why particular panelists foresee growth of 2.2% in 2018, which is unchanged from last month’s forecast. The panel expects the economy to expand 2.8% in 2019.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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