The economic downturn of recent years has served to strengthen calls for diversification beyond the energy sector in Trinidad and Tobago, with manufacturing often singled out as a potential driver of the economy. In his 2018 mid-year budget review, Colm Imbert, the minister of finance, indicated that the economy was on the mend, with the...
The economic downturn of recent years has resulted in a change in consumer behaviour, with weakened consumption and spending also negatively affecting economic growth and recovery. However, a rebound is expected to gather pace through 2018 and into 2019. Early signs were highlighted in the “Monetary Policy Report” published by the Central Bank...
Optimism is returning to Trinidad and Tobago after years of recession. With the IMF forecasting GDP expansion of 1% in 2018 and 0.9% in 2019, the government now has the opportunity to shift their focus from tackling short-term economic problems to implementing long-term reforms and policy initiatives.
A new GCC accreditation for Kuwait’s laboratories, coupled with the release of more than 1000 parcels of industrial land, should boost government plans to increase industrial output by 25% in the coming years.
New investment is expected to help Oman sustain expansion of its manufacturing sector, which has established itself as a leading component of the economy on the back of strong recent growth.
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