Haiti Economic Outlook
December 4, 2018Political unrest continued to derail economic activity in recent weeks, as public protests over the alleged siphoning of USD 3.8 billion of PetroCaribe funds resumed, morphing into violent anti-government demonstrations. Against this backdrop, the gourde continued to slide to record lows against the dollar throughout November, weighing on the energy import bill. This will hinder the government’s ongoing efforts to cut back on fuel subsidies, after its last attempt to hike fuel prices in July sparked large-scale protests. On the plus side, the EU recently confirmed a USD 11 million aid package for Haiti, to be disbursed in 2019.
Haiti Economic GrowthGrowth should accelerate next year, though the country’s prospects remain hampered by rampant corruption and political instability. The potential ending of the temporary protected status for Haitians in the U.S. after July 2019 is a significant downside risk, as it would also hit all-important remittance inflows. Met the why particular panelists foresee growth of 2.1% in 2019, down 0.6 percentage points from last month’s forecast, and 2.1% again in 2020.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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|Exchange Rate||73.14||-1.13 %||Nov 29|
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