Haiti registered a slight recovery in economic activities during the fourth quarter of the fiscal year (July-September), according to the press release on monetary policy released on Monday by the Central Bank.
According to the financial institution, the number of Covid-19 cases, lower than expected, the restart of operations in various sectors and the reopening of international air traffic, influenced this indicator.
However, the bank points out that some sectors, in particular tourism and outsourcing, are affected by weak external demand, as a Covid-19 aftermath.
Despite limited progress, business activities in several domestic regions still suffer from the uncertainty of a socio-political environment.
Especially, in the border area with the Dominican Republic, the closure of binational markets had a negative influence on the region. Regarding the evolution of prices, the strong depreciation of the national currency until August, the insecurity in the marketing channels and monetary financing contributed to keep inflation at high levels.
The press release confirms that the interannual variation of the Consumer Price Index was over 20 percent until July, when it reached 25.7 percent, with an average monthly inflation of two percent.
However, prices began to slow down as of August, thanks to the significant appreciation of the national currency, which recovered almost 50 percent of its value, the text concludes. (https://www.plenglish.com/index.php?o=rn&id=61448&SEO=haiti-registers-slight-recovery-of-economic-activities)
