Economic Survey of Latin America and the Caribbean
Date of Publication
1-1-2023 12:00 AM
Security Theme
Economic Stability
Keywords
Macroeconomic, Fiscal, Financial, economic stability
Description
In the context of the national and international crisis caused by the coronavirus disease (COVID- 19) pandemic , the Haitian economy contracted by 3.3% in 2020.1 This second consecutive annual decline —in 2019, GDP fell by 1.7%— is due not only to the effects of the global health crisis itself on supply and demand, but also to the deterioration of domestic macroeconomic conditions since 2018 as a result of the persistence of an adverse sociopolitical environment of institutional instability, growing insecurity and social discontent.
Economic Survey of Latin America and the Caribbean
In the context of the national and international crisis caused by the coronavirus disease (COVID- 19) pandemic , the Haitian economy contracted by 3.3% in 2020.1 This second consecutive annual decline —in 2019, GDP fell by 1.7%— is due not only to the effects of the global health crisis itself on supply and demand, but also to the deterioration of domestic macroeconomic conditions since 2018 as a result of the persistence of an adverse sociopolitical environment of institutional instability, growing insecurity and social discontent.
