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Caribbean & Central America - October 2006 (ISSN 1741-4458)

TRINIDAD & TOBAGO: Wall Street worries about Trinidad & Tobago

Despite the twin-island state's booming economy, fuelled by revenue from the energy sector, Wall Street analysts are worried the bubble is about to burst. On 2 October Moody's Investment Services, one of the world's leading credit rating firms, issued a warning about the government's large-scale construction of roads, railways, factories and medical facilities. Other analysts are fretting about Trinidad & Tobago's undervalued currency and rampant inflation. All are in agreement that the heady days of low unemployment and stellar growth rates could suffer a sharp reversal unless the government floats its currency and diversifies its economy away from energy.

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