How do you assess the impact of the Covid-19-induced crisis on the natural gas industry?
Trinidad & Tobago
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Economic update | Banking in Trinidad and Tobago: will Covid-19 spur a shift to fintech?
21 Jul 2020
Earlier this year, Trinidad and Tobago was looking relatively resistant to the worst effects of the coronavirus pandemic. However, given that oil and tourism are two of the main contributors to GDP – with a 45% and 7.6% share, respectively, in 2018 – T&T is beginning to feel the economic pinch. In response, policymakers have deployed a variety of fiscal and monetary policy tools, supported by the country's banks.
Economic update | Covid-19 and nearshoring: which Latin American countries are set for a boom?
18 Jun 2020
‘Nearshoring’ – whereby companies shift their offshore production capacities closer to home – is experiencing significant growth in Latin America amid the coronavirus pandemic.
As global supply chains become increasingly fragmented amid the spread of Covid-19, the discourse around food security in Trinidad and Tobago is being reinvigorated.
After three successive years of recession, Trinidad and Tobago’s growth is estimated to have remained flat during 2019, according to IMF data. However, a more significant expansion of 1.5% is expected for 2020 as both gas production and non-oil exports are set to increase.
In the face of more stringent environmental rules on shipping fuel, Trinidad and Tobago is moving to position itself as a regional centre for liquefied natural gas (LNG) bunkering.