Political instability continued to have adverse effects on the economic and social situation of Haiti during 1988, when the per capita level of activity continued the downward trend observed during the whole of this decade. After two years of deflation, prices went up as the result of a decline in the supply of food products and the expansion of credit to the private sector. The balance of payments once more showed a deficit on the current account, which was financed through the inflow of capital. At the same time, the reduction in donations from abroad meant a drop in the resources available to the public sector, which was thus obliged to cut expenditure drastically and reduce the fiscal deficit.

Related Subject(s): Economic and Social Development
Countries: Haiti
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