Building Capacity for Diversification and Growth Estimates of Revenue & Expenditure for 2023/2024 Major Fiscal Allocations for FY2024 (TTD billion) Economic Updates Steady Economic Growth: The domestic economy grew by…
Rising inflationary pressures have been a challenge for many governments and central banks around the world. Since 2021, global prices have risen faster and more persistently than expected, driven by…
In its latest World Economic Outlook for October 2022, the International Monetary Fund (IMF) cut its world growth forecast for 2023. It left the 2022 growth forecast unchanged at 3.2%,…
For most investors, the primary objective of investing in a stock is to make a profit and this is accomplished by taking a “long” position, which means buying and owning…
Barbados has expressed interest in another economic program supported by the International Monetary Fund’s (IMF) three-year Extended Fund Facility (EFF) aimed at maintaining and strengthening macroeconomic stability and to continue…
Global Macro-Economic Review The downward momentum that characterized the first half of 2022 was maintained in the third quarter as uncertainty and volatility remained elevated throughout the period. Global stock…
The fortuitous rally in energy prices on the global market has had a positive impact upon most commodity exporters worldwide, including the economy of Trinidad and Tobago (T&T). The recently…
The U.S. midterm election, as the name suggest, is held every four years midway through the presiding President’s term. This year, the date of the election is set for November…
A recession in Europe seems inevitable, adding even more fuel to speculations of a global recession. In its World Economic Outlook in January, the International Monetary Fund (IMF) stated that…
The US Dollar has steadily gained against many global currencies, with the strengthening particularly acute over the past couple of months, reaching historic highs against the Euro, Japanese Yen and…
Trinidad and Tobago celebrated its 60th anniversary of independence on 31 August, 2022. At this juncture, many commentators would have offered their perspectives on the twin-island nation’s progress and pitfalls…
Energy Historically, multiple advancements in technology in the industrial and manufacturing sectors led to increased production of various goods. The availability of every single good produced in the world increased…
In these times of uncertainty and global conflict, many countries are coming to terms with the possibility of entering into a recession. As investors become aware of a potential recession, some…
The Caribbean is among the most indebted regions in the world, with debt levels (excluding Haiti) averaging 90.1% of GDP since the onset of the pandemic according to IMF data.…
Trinidad and Tobago’s (T&T) economic performance has historically mirrored the movements in the global energy market given the significance of the energy sector in terms of government revenue, export earnings…
The United States Federal Reserve (the Fed), which is the central bank of the US, at its June 2022 meeting, approved a rate increase of 75 basis points, representing the…
Financing and Investing The Financial Times defines ESG as a “term used in capital markets and a tool investors use to evaluate corporate behavior and determine the future of financial…
According to the National Bureau of Economic Research (NBER), a US private, non-profit organization that is dedicated to conducting economic research, a recession is a significant decline in economic activity,…
Instead of a post-pandemic recovery phase, global economies are now experiencing further downward revisions to growth prospects due to a complex combination of new challenges. The United Nations food agencies…
