Haiti Economic Outlook
November 6, 2018The latest economic data suggests growth accelerated somewhat in the second quarter, but remained sluggish overall. The print was driven by a sharp upswing in the secondary sector, as manufacturing, and water and electricity production rebounded from the contractions registered in the first quarter. However, the primary sector shrank markedly after a solid performance in Q1, while service sector growth also softened. On the political front, the government should soon present its HTG 166 billion (USD 2.3 billion) draft FY 2019 budget—which runs from April to June—to parliament.
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 2.7% in 2019, down 0.1 percentage points from last month’s forecast, and 2.7% again in 2020.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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|Exchange Rate||72.16||-1.13 %||Nov 15|
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