In its latest report just released, the Economic Commission for Latin America and the Caribbean (ECLAC) has significantly revised Haiti's economic growth forecasts for 2017 to 1% instead of the objective of 2.2 % set by the Haitian Government.

This drastic downward revision of 1% in 2017 (compared to 2% in 2016) takes into account the passage of Hurricane Matthew which caused nearly $ 2 billion in damage to the economy and uncertainties about the end of the process electoral. If politicians or political actors do not find a consensus by February 2017 to stabilize the country, the Haitian economy could even grow close to 0% or negative.

According to the report of the CEPAL, the growth rate in 2017, for the region of Latin America and the Caribbean is expected to be around 1.3%. Economic growth in the Caribbean will be drawn without surprise by the Dominican Republic with a growth of 6.2% (6.4% in 2016).

While the worst economy of the region in 2017 will be Venezuela, which is expected to record negative economic growth of -4.5%, followed by Ecuador 0.3%, Brazil 0.4% and Trinidad and Tobago 0.5%.

TB/ HaïtiLibre