Fiscal Year 2024 was a watershed year for the global economy, in which the central banks of the major developed countries completed the process of returning inflation to its pre-pandemic level, and pivoted to a more neutral stance. While the two years of the anti-inflammatory policies weighed heavily on the growth performance of some advanced economies, the United States (US) was able to boast of a soft-landing in which the economy demonstrated remarkable resilience. The sharp reduction in global inflation and the subsequent monetary easing boosted international financial markets, which had a very positive impact on the Heritage and Stabilisation Fund (HSF).
Government of the Republic of Trinidad and Tobago
Government of the Republic of Trinidad and Tobago
