1945

Thanks to the upturn in the global economy, real GDP expanded by 2.5% in Trinidad and Tobago in 2010. This was a significant improvement over 2009, when the economy contracted by 3.5%. The energy sector’s performance was much better than in 2009, while the non-energy sector remained flat. Inflation also posed a challenge to the authorities, increasing to 13.4% year-on-year (compared with 1.3% at the end of 2009) as a result of domestic supply-side shocks. Nevertheless, by early 2011, the inflation rate started to trend downward. Prospects for a sustained recovery in economic growth still remain weak and growth of 2% is forecast for 2011.

Related Subject(s): Economic and Social Development
/content/books/9789210550116s007-c010
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
Chapter
content/books/9789210550116
Book
false
Loading
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error