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240607 ||| eng |
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|a 9798400240836
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|a Trinidad and Tobago
|b 2023 Article IV Consultation-Press Release; and Staff Report
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2023
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| 300 |
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|a 103 pages
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| 651 |
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4 |
|a Trinidad and Tobago
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| 653 |
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|a Fiscal stance
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| 653 |
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|a Energy: Demand and Supply
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| 653 |
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|a Public debt
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| 653 |
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|a Public finance & taxation
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Economic statistics
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| 653 |
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|a Debts, Public
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| 653 |
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|a International organization
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| 653 |
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|a Foreign Exchange
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| 653 |
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|a International institutions
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| 653 |
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|a International Economics
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| 653 |
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|a Macroeconomics
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| 653 |
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|a Economic and financial statistics
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| 653 |
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|a Econometrics & economic statistics
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| 653 |
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|a Foreign exchange
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| 653 |
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|a International Agreements and Observance
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| 653 |
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|a Energy pricing
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| 653 |
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|a Revenue administration
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| 653 |
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|a International Organizations
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| 653 |
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|a External sector statistics
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| 653 |
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|a Monetary economics
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| 653 |
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|a International agencies
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| 653 |
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|a Debt Management
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| 653 |
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|a Computer Programs: Other
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| 653 |
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|a Debt
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| 653 |
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|a Currency
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| 653 |
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|a Data Collection and Data Estimation Methodology
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Expenditure
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| 653 |
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|a Sovereign Debt
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| 653 |
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|a Taxation, Subsidies, and Revenue: General
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| 653 |
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|a Expenditures, Public
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| 653 |
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|a Prices
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| 653 |
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|a Monetary policy
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| 653 |
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|a Statistics
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| 653 |
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|a Energy industries & utilities
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Public Finance
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| 653 |
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|a Money and Monetary Policy
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| 653 |
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|a Finance: General
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| 653 |
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|a Revenue
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| 710 |
2 |
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|a International Monetary Fund
|b Western Hemisphere Dept
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9798400240836.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/2023/157/002.2023.issue-157-en.xml?cid=533070-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This 2023 Article IV Consultation discusses that Trinidad and Tobago’s economic activity is recovering supported by higher global energy prices and the rebound of the non-energy sector. Real GDP is estimated to have expanded by 2.5 percent in 2022. Inflation has increased, reaching 8.7 percent by end-2022, driven by imported energy and food prices, partial liberalization of domestic fuel prices in 2022, and domestic weather-related shocks. The recovery is expected to gain broad-based momentum in 2023. Inflation is projected to slow down following international prices. The balance of risks to growth is tilted to the downside, stemming from potential disruptions to domestic oil and gas production, sharper than expected global slowdown and global financial instabilities. The upside is on higher-than-expected energy production and prices. It is advised to maintain sound and consistent policies to support the current exchange rate arrangement. The central bank should seriously consider increasing its repo policy rate to contain inflationary pressures and narrow the negative interest rate differential with the US monetary policy rate
|