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Haiti Stuck in A "Vicious Circle," Says IMF Economist | Global Stage | GZERO Media

Haiti stuck in a "vicious circle," says IMF economist

Amid the current global turmoil, one country that's definitely no stranger to crises is Haiti. Haitians will surely feel the pinch of rising prices of things like food and fuel, International Monetary Fund economist Nicole Laframboise says during a Global Stage conversation with GZERO Media in partnership with Microsoft.

With more than 60% of the population under the poverty line and food inflation up 40%, it's going to be "extremely difficult for the poor," she told Shari Friedman, Eurasia Group's Managing Director for Climate and Sustainability.

Haiti didn't suffer as much from the economic shock of the pandemic as other countries because it doesn't trade much nor have a big tourism sector.

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