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Latin American Economy & Business - December 2016 (ISSN 1741-7430)
Trinidad and Tobago: Recession deeper than expected
In November, the Central Bank of Trinidad and Tobago (CBTT) released GDP data showing an unexpectedly sharp contraction in the first half of 2016. Real GDP fell by 6.7% year-on-year (with a dramatic 8% contraction in the second quarter). There is no doubt that the country is struggling with an energy-led recession, but these numbers may not be telling the full story.
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