TAG: Economy
The growing recognition that economic liberalisation offers the best path forward for the country has been reflected in a number of recent reforms, including a spate of significant stimulus packages that were announced late in 2015 and continued into 2016.
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.
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.