TAG: Trinidad & Tobago
In economics, as in life, everything comes and goes. In 2016 commodity prices were down and most Latin American currencies depreciated. Now, less forex volatility and more reasonable commodity prices have led many to hope for a more promising future.
Only a few weeks ago Oxford Business Group published an article on the opportunities for agri-businesses in Colombia, and here we are again talking about the prospects for one of Latin America’s fastest-growing sectors.
Promising developments in the energy sector, driven by new projects coming on stream – notably EOG’s Sercan and BP T&T’s Trinidad Onshore Compression and Juniper projects – together with an uptick in exploration activity, may indicate early signs of recovery that could spill over into other sectors of the economy. In Oxford Business Group’s second OBG Business Barometer: T&T CEO Survey, 60.7% of companies said they were likely or very likely to make a capital investment, up from 44% in November 2016, while 57.1% were positive about local business conditions, a marked rise on the 18% reported last year.