How urgent is the need to reduce the economy’s dependence on hydrocarbons?
Trinidad and Tobago’s manufacturing sector is the largest in the English-speaking Caribbean. In 2016 it was expected to represent 7.8% of overall GDP, with total output worth an estimated TT$8.29bn ($1.2bn), according to government estimates. This made it the third-largest sector of the economy after the energy and services industries. Approximately 47,700 people, or 7.3% of the total active...
Following another positive year of continuing profitability and financial strength in the face of challenges related to a wider economic slowdown, in 2017 Trinidad and Tobago’s banking sector is poised to play a key role in supporting new growth. While the demand for credit has slowed somewhat in light of volatility in oil prices, liquidity in the banking system has remained high. Executives...
Despite challenges, including depressed international energy prices, as well as rising debt and fiscal imbalances, the recession in Trinidad and Tobago is likely to bottom out in 2017. The IMF forecasts the economy will grow by 0.3% in 2017 and 3.4% in 2018. The recovery is expected to come via a small rise in energy prices, the inauguration of the Juniper gas field in 2017 and an expected...
Trinidad and Tobago’s music is inextricably linked to the explosion of sound, colour and cultural expression that propels the country’s Carnival. After a relentless, rum-fuelled stream of fêtes, parties and dedicated preparation lasting weeks, it is the music that keeps masqueraders dancing and parading along through the two-day climax of...
With interest in the country as a location on the rise, plans to reinforce human resources and hard infrastructure capacity, along with the development of a medium-term strategy and the strengthening of a competitive incentive regime, could help to position T&T’s vibrant film sector at the centre of the region’s audio-visual industry.
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