In late 2015 T&T’s newly elected government inherited an economy sliding into recession as a consequence of lower global energy prices. In response, the Keith Rowley administration has moved towards a policy of fiscal discipline, with further austerity measures expected under the forthcoming 2017 budget. In spite these challenges, after surveying business leaders across all sectors of T&T’s economy, Oxford Business Group found indications that many companies are in fact taking advantage of this period of slower growth to assess their operations and prepare for future expansion ...
The fall in oil and gas prices has been longer and more pronounced than what nearly all experts anticipated when the decline started in mid-2014. This has had significant impacts on all hydrocarbons-rich countries around the world, and Trinidad and Tobago is no exception. Having over a century of experience in producing oil, however, T&T has ridden out and recovered from the ups and downs of this industry, coming out stronger each time.
The recent victory of Donald Trump in the US presidential election has fostered uncertainty within the Mexican business community. Hundreds of articles have been written about what could happen if NAFTA were reviewed and how Mexico would cope without its major trading partner.