Haiti’s economic stagnation will endure
Wednesday, July 26, 2023
Significance
Negative growth was seen across all major sectors, including agriculture, services and construction. On the demand side, the situation remains grim, with private investment showing no signs of recovery, having suffered persistently negative growth since 2020.
Impacts
- Protests over high energy prices will persist due to a lack of alternative funding options to Petrocaribe's subsidised oil.
- Inflation is projected to ease gradually, to around 30% by the end of this fiscal year.
- The increasing influence of gangs will limit the government's ability to conduct elections.
- The Dominican Republic’s construction of a border wall will not solve the migration crisis.
Related articles
