Trinidad and Tobago’s economy may grow by 1.5 percent in 2012, but it will depend on a “modest turnaround” in the energy sector and increased confidence from the private sector, the country’s top central banker said.
In a November address to the Trinidad and Tobago Chamber of Industry and Commerce, Ewart Williams, the governor of the Central Bank of Trinidad and Tobago, said that “external factors,” namely economic conditions in Europe and the United States, will highly influence how the economy performs next year. Those conditions are “expected to be uncertain, at best, or most likely very unfavourable,” he said.
The country’s gross domestic product grew for six years beginning in 2002, buoyed by high energy prices.
See the Dec. 15, 2011 edition for full coverage.