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Haiti - Economy : Forecast of modest growth for Haiti in 2018 27/08/2018 11:05:23
The Dominican Republic (5.4%) and Panama (5.2%) will drive the Zone's economic growth, followed by Paraguay (4.4%), Bolivia (4.3%), Antigua and Barbuda (4.2%), Chile and Honduras (3.9%). The two main economic powers of the sub-continent Brazil and Mexico will be satisfied with a modest growth, respectively of 1.6% and 2.2%. The ECLAC study forecasts GDP growth of 1.8% in Haiti (3.9% forecast by the Haitian Government) for 2018 above 2017 (1.2%) and 2016 (1.5%). It notes the modest output of the agricultural sector (0.8%) and small variations or deceleration trends in the sectors of trade (1.1%), manufacturing (1%), construction (0.9%) and financial services (1.6%). Double-digit inflation continues for the third year in a row (15.4% at the end of 2017) and 13.6% in July 2018 (up) https://www.haitilibre.com/en/news-25362-haiti-economy-monthly-inflation-accelerates-+-15-in-july.html This coincides with an increase in indebtedness, the increase in basic/essential products imports, such as fuel (+ 19%) and the depreciation of the gourd's exchange rate against the dollar. Haiti's budget deficit was 4% of GDP in 2017 (3.3% in 2016) and the current account deficit was also up in 2017, 2.9% of GDP (1.0% in 2016), mainly because of imports. Note that the ECLAC studies have been published since 1948 without interruption. TB/ HaitiLibre
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