Haiti Economic Outlook
July 10, 2018The economy appears better positioned in 2018 than it was last year. In recent months, loans have been announced totaling USD 225 million from Taiwan and the World Bank, which will go towards much-needed infrastructure investment. On 20 June, the IMF announced that it had agreed on policies with the Haitian government to improve the country’s fiscal standing. One of these policies included reduced subsidization of fuel prices, which was announced on 6 July. However, the government was forced to row back on this reform the following day, amid fierce public protests.
Haiti Economic GrowthGrowth should pick up this year as foreign aid boosts reconstruction efforts, although high levels of corruption and the low resilience of infrastructure to seasonal hurricanes remain key issues. Remittance inflows could also be hit by the ending of Temporary Protected Status for Haitians in the U.S. in 2019. FocusEconomics 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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