Haiti - Economy : Just 1% growth for Haiti in 2017
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%.
