Trinidad & Tobago (T&T) s economy will grow weakly in the com- ing years as persistently weak oil prices weigh on consumption, investment and net exports. Low oil prices will compound the poor outlook for the country s hydrocarbon sector production, while non-oil industries will struggle to become competitive. ...Expenditure cuts will be limited as the government seeks to support economic activity. Lower oil prices will place depreciatory pressure on the Trinidadian dollar (TTD) over the coming quarters, resulting in a deterioration of the country s terms of trade and weaker investment inflows. Open market operations by the central bank will prevent a significant depreciation of the currency, although the bank will allow the unit to gradually depreciate in the coming quarters. ...Lower oil prices will place depreciatory pressure on the Trinidadian dollar (TTD) over the coming quarters, resulting in a deterioration of the country s terms of trade and weaker investment inflows. Open market operations by the central bank will prevent a significant depreciation of the currency, although the bank will allow the unit to gradually depreciate in the coming quarters.
...Central Bank of Trinidad & Tobago maintains a degree of hamperinginvestment. rates key factors weighing on investment into the country. ...Central Bank of Trinidad & Tobago maintains a degree of hamperinginvestment. rates key factors weighing on investment into the country. business procedures such as importing and exporting goods needed approval from various ministries. ...business procedures such as importing and exporting goods needed approval from various ministries. Further, domestic GDP By Expenditure Outlook positive net exports position and supported privateand gov- production outlook and structurally lower oil prices, T&T s economy will increasingly rely on private consumption to - Business Monitor International Ltd www.bmiresearch.com
...T&T s Short-Term Economic Risk Index score is --.-, the highest in the Caribbean region. T&T s score is predicated on robust external accounts; however, we see growing downside risks owing to the negative impact of structurally lower oil prices on the twin islands economy. ...
