Weekly Report - 01 June 2023 (WR-23-22)

TRINIDAD & TOBAGO | Economic recovery. Trinidad & Tobago’s central bank (CBTT) reported last week that the domestic economy had bounced back in 2022 after two years of contraction. Real GDP expanded by 3% year-on-year in the first three quarters of 2022. It is estimated to have grown by 2.5% in 2022 after a slowdown in the final quarter. Growth in the third quarter was driven by the non-energy sector, which expanded by 4.7%, while the energy sector, which makes up 40% of the economy and 80% of exports, contracted by 0.7%.

End of preview - This article contains approximately 366 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial