Haiti Economic Outlook
March 12, 2019The economy remains rife with instability and unrest, as anti-government protests continue to simmer more than a month after the publication of a damning report on the embezzlement of several billion dollars of PetroCaribe funds. President Jovenel Moise, who is reportedly implicated in the scheme, has thus far refused to step down. In turn, the economy likely took a hit due to the instability, with several countries issuing travel advisories and airlines cancelling flights in a blow to the tourism sector. In more positive news, the U.S. administration recently renewed temporary protected status for 50,000 Haitian residents until January 2020. Meanwhile, in early March, the IMF agreed to provide Haiti with a three-year USD 229 million loan as part of an Extended Credit Facility.
Haiti Economic GrowthGrowth is seen picking up this fiscal year from 2018’s feeble showing. Nevertheless, rampant corruption, political instability and natural disasters remain key downside risks to the outlook. FocusEconomics panelists foresee growth of 2.2% in 2019, unchanged from last month’s forecast, and 2.1% in 2020.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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