TAG: Trinidad & Tobago
Progress on fiscal consolidation and a recent rebound in commodity prices have led to a more optimistic medium-term outlook. In our previous OBG Business Barometer: Trinidad & Tobago CEO Survey, released in late 2017, 57% of C-suite executives had positive expectations for the coming 12 months, which improved
to 69% in our latest results. Furthermore, over two-thirds say they are likely or very likely to make a significant capital investment in the coming year. This is perhaps due in part to the country’s favourable tax environment, which 64% of respondents describe as competitive or very competitive on a global scale.
Only a couple weeks ago the IMF released a statement on Trinidad & Tobago, embracing the reforms undertaken by the twin-island sovereign in recent months. After two years of economic recession the IMF projects a return to growth in 2018.
In the face of a rising US dollar and a global trend towards protectionism that affects some of the globe’s globe's major economic powers, the leading markets of Latin America find themselves with an opportunity to work on enhancing regional trade.