CATEGORY: Economic Snapshots
Recent efforts by the Qatari government to diversify the economy have paid off in terms of helping the country weather the recent downturn in global oil and gas prices.
Although low oil and gas prices in 2015 had a negative economic effect on Trinidad and Tobago, the current government is pursuing a series of reforms aimed at both strengthening the energy sector and diversifying the wider economy.
The increasing focus on economic diversification and the ongoing growth of non-energy sectors bodes well for the economy, as does further exploration and improved efficiency in the oil and gas industry.