Fraught with uncertainty and underwhelming, albeit steady performance, the global economy in 2025 will see its slowest growth since the COVID-19 pandemic, stemming primarily from a series of shocks from the United States (US) trade policy and other volatile geo-political tensions around the world. As such, the IMF has forecasted global growth to falter to…
Following four years of turbulence triggered by a devastating pandemic, deepening geo-economic fragmentation, surging inflation, and widespread monetary policy tightening, the global economy in 2024 seems to be trending toward a ‘soft landing’. According to the International Monetary Fund’s (IMF) latest projections, growth for 2024 will hold steady around 3.2 percent owing to markets rebounding…
According to the Ministry of Finance’s estimates, the Trinidad and Tobago economy is expected to register Real GDP growth of 2.7 percent in 2023, following more moderate growth of 1.5 percent in 2022. The expected outturn for 2023 is premised on an expansion in the Non-Energy Sector, partially counteracted by a marginal decline in the…
The tentative post-pandemic recovery was derailed in 2022 as the global economy was confronted by a rare convergence of misfortunes, triggered largely by the unprecedented war in Ukraine which has escalated into a costly humanitarian crisis. Following a sharp rebound in global growth of 6.1 percent in 2021, growth is estimated by the International Monetary…
The Ministry of Finance feature event “Spotlight on the Economy 2022” provided a comprehensive explanation of our current financial situation, fiscal policies over the last seven years, and financial and economic plans and strategies going forward.
REVIEW OF THE ECONOMY 2019
2019 Mid Year Budget Review
Review Of The Economy 2018