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Latin American Economy & Business - July 2015 (ISSN 1741-7430)

Haiti: Gourde and growth down; inflation and interest rates up

The weakness in the currency, and higher food prices, contributed to a surge in annual inflation in Haiti to 8.0% in June, from 6.6% in May. In spite of a stabilisation of industrial production and commercial activity in the second quarter, the central bank believes that overall real annual GDP growth could be below the 2.5% anticipated in the government’s budget for the September 2015 fiscal year.

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