Economy in Trinidad and Tobago

  • Global growth will be disappointing in 2016: IMF's Lagarde

    AFGHANISTAN, 2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

  • Revised IMF forecasts signal gloom on global economic outlook

    AFGHANISTAN, 2015/01/20 Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday. In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.

  • Trinidad can expect ‘belt tightening’ due to drop in global oil prices

    TRINIDAD AND TOBAGO, 2014/12/18 The Trinidad and Tobago government Friday said it did not expect “significant” changes to the country’s economy as a result of a decline in oil prices, but said some belt tightening will have to be undertaken by the Kamla Persad Bissessar government. Finance Minister Larry Howai in a statement to Parliament said that the “country’s financial coffers remain strong and foreign exchange reserves have increased to over 11 billion (One TT dollar =US$0.16 cents) from TT$8.9 billion in 2009. “The country’s in general fiscal position and revenue flows as well remain healthy. We are confident therefore that even with these conservative assumptions regarding the expected trajectory of oil and gas prices this year that it will result in very marginal changes to the in general programmes of government.

  • IMF Mission to Trinidad and Tobago

    TRINIDAD AND TOBAGO, 2013/04/05 An International Monetary Fund mission held discussions in Trinidad and Tobago during March 15-27, 2013, benefiting from open and fruitful exchanges with government and central bank officials, inclunding private sector representatives, parliamentary representatives, and labor unions. 
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