Haiti Economic Outlook
September 10, 2019The economy remains in a bad way. Inflation rose to a fresh multi-year high in July, spurred by the weaker gourde—despite recent Central Bank intervention in the FX market to stabilize the currency—and corroding household purchasing power. Moreover, the tourism sector likely remains in the doldrums, as security concerns keep visitors away. This comes after activity was dampened in the second quarter by drought hitting the agriculture sector, and business sentiment curbed by public unrest. On the political front, President Jovenel Moïse survived an impeachment vote in August. Despite this, the event highlights the unstable political situation, which will continue to weigh on confidence going forward.
Haiti Economic GrowthGrowth this year will be paltry, depressed by elevated insecurity, political instability and high inflation weighing on household spending. A further deterioration of the security and political situation and vulnerability to natural disasters pose downside risks. FocusEconomics panelists foresee growth of 0.8% in 2019, which is down 0.1 percentage points from last month’s forecast, and 1.1% in 2020.
Haiti Economy Data
5 years of Haiti economic forecasts for more than 30 economic indicators.
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|Exchange Rate||94.09||-1.13 %||Sep 04|
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