Ariel Henry Foresees Return of GDP Growth and Significant Inflation Reduction

  After five consecutive years of economic contraction, Prime Minister Ariel Henry is envisioning a revival towards a positive GDP growth rate of +0.

 

After five consecutive years of economic contraction, Prime Minister Ariel Henry is envisioning a revival towards a positive GDP growth rate of +0.7% and a reduction in inflation to 16.8% by September 30, 2024, as highlighted in the budget framework letter, while the year-on-year inflation rate for May 2023 stands at 46.4%.

"The fiscal year 2023-2024 is marked by a dual challenge, namely: achieving a GDP growth of around +0.7% and reducing end-period inflation to 16.8%," commun

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