Investment in Haiti
Haiti - InvestmentThe economy shrank 6.1% year-on-year in Q2, according to the Statistical Institute’s economic activity indicator. The contraction was broad-based, with the manufacturing sector suffering a particularly sharp decline. Turning to Q3, momentum appeared to improve, as measures introduced to curb the spread of Covid-19 were lifted in July. Moreover, remittances surged in July and August, which likely supported private consumption, while better weather conditions should have aided agricultural output. Turning to Q4, the recent rapid appreciation of the gourde, caused by Central Bank interventions, is having mixed effects: While many citizens are benefiting from lower price pressures, exporters and those relying on remittances are suffering. In other news, sociopolitical instability rose in October amid violent protests in the capital and President Moïse’s proposal for a new constitution.
Haiti - Investment Data
|Investment (annual variation in %)||3.6||1.1||0.9||2.3||-|
5 years of economic forecasts for more than 30 economic indicators.
Haiti Investment Chart
Source: Haiti Central Bank and FocusEconomics calculations.
|Exchange Rate||87.66||-1.13 %||Jan 01|
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