Wednesday, January 24, 2018

First Citizens: T&T rebounded in 2017*

Economists disagree, say T&T still in downturn

The fall in real gross domestic product (GDP) growth in 2017 was not as bad as that of 2016, and more than half of the country’s output, or GDP, is owed in debt. These were the only two points on which economists and analysts agreed last week in interviews and emails from January 2 to 5.
Analysts from majority state-owned First Citizens Research & Analytics wrote in a January 2 note: “From all indications, the Trinidad and Tobago economy is likely to have rebounded, albeit still negative, in 2017 from a 6 per cent contraction in 2016, based on the expected boost in energy production from the Juniper facility, which began operation in the third quarter of 2017. Based on data for the first half of 2017, the CSO expects a decline in real GDP of -2.3 per cent for all of 2017.”

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