Insecurity and Political Instability: Economic Challenges Haunting Haiti in 2023

In a national context marked by sociopolitical instability, the worsening phenomenon of insecurity, and the mass exodus of the population in search of a better life, the Haitian economy, as expected, could not rebound during the fiscal year 2022-2023. It further plunged into recession for the fifth consecutive year. "The Gross Domestic Product (GDP), which had already decreased by 1.7% in 2022, reached 592.7 billion gourdes in constant value during the fiscal year 2023, compared to 604.0 billion in 2022, thus experiencing a new 1.9% dec