Haiti - FLASH : No growth for the country before 2022

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Haiti - FLASH : No growth for the country before 2022
16/01/2020 09:43:37

In its latest edition on the global economic outlook, the World Bank is pessimistic about the economy of Haiti which, after negative growth in its Gross Domestic Product (GDP) of - 0.9% in 2019 (+ 1.5% in 2018 and 1.2% in 2017) should continue in the red in 2020 (-1.5%) and in 2021 (-0.5%) before a rebound in 2022 (+ 1.4%).

In 2020, in addition to Haiti, 2 other economies will record negative growth in their GDP: Argentina (-1.3%) and Nicaragua (-0.5%), whose economies should, however, rebound in 2021 respectively at + 1.5% and + 0.6%.

In 2022 Haiti will be the only country in the Latin America and Caribbean region to record a contraction in its GDP.

According to World Bank analysts, growth in the Latin America and the Caribbean region in 2020 should reach an average of +1.8% while that of global growth will amount to +2.5%.
The Dominican Republic will remain the leader in Latin America and the Caribbean in 2020, 2021 and 2022 with +5% growth followed in second place by Panama 2020 (+ 4.2%), 2021 (+ 4.6%) and 2022 (+4.8 %).

S/ HaitiLibre