Jaime Perez-Seoane de Zunzunegui: ALL BLOG POSTS
The fall in oil and gas prices has been longer and more pronounced than what nearly all experts anticipated when the decline started in mid-2014. This has had significant impacts on all hydrocarbons-rich countries around the world, and Trinidad and Tobago is no exception. Having over a century of experience in producing oil, however, T&T has ridden out and recovered from the ups and downs of this industry, coming out stronger each time.
In late 2015 T&T’s newly elected government inherited an economy sliding into recession as a consequence of lower global energy prices. In response, the Keith Rowley administration has moved towards a policy of fiscal discipline, with further austerity measures expected under the forthcoming 2017 budget. In spite these challenges, after surveying business leaders across all sectors of T&T’s economy, Oxford Business Group found indications that many companies are in fact taking advantage of this period of slower growth to assess their operations and prepare for future expansion ...