Henry Administration Announces Fifth Consecutive Year of Economic Contraction

  "For a fifth consecutive year, the country will experience economic contraction.

 

"For a fifth consecutive year, the country will experience economic contraction. The economic growth rate is expected to be around -0.4%, down from initial projections of +0.3%," stated Prime Minister Ariel Henry in August 2, 2023 "Budget Framework Letter 2023-2024."

The head of the government highlighted the primary challenges, which encompass inflation and insecurity, both of which have resulted in detrimental consequences. Ariel Henry emphasized that these challenges are persistent, including

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