Haiti Economic Outlook
December 7, 2017Economic growth is slowly picking up pace on the back of reconstruction efforts, declining inflation and healthy inflows of remittances. The political environment worsened in November following President Jovenel Moïse’s decision to reintroduce a national army, which was abolished in 1995 after years of military interference in politics. Furthermore, the U.S. administration decided to end Temporary Protected Status (TPS) for Haitians in July 2019. As a result, about 60,000 Haitians could be forced to return to Haiti, threatening a severe reduction in all-important remittances.
Haiti Economic GrowthAlthough the economy should continue its recovery next year, Haiti’s chronic poverty, large economic imbalances and vulnerability to weather-related phenomena will continue to limit any sharp uptick in economic growth. FocusEconomics panelists foresee growth of 2.4% in 2018, which is up 0.1 percentage points from last month’s forecast. The panel expects the economy to expand 2.5% in 2019.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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|Exchange Rate||62.59||-1.13 %||Dec 06|
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