- On May 17, 2018
On May 10, 2018 at the Mid-Year Fiscal Budget Review, the Minister of Finance made a surprising announcement that the economy of T&T had “turned around”. One month before, the IMF revised its 2018 growth forecast down from 1.8% to just 0.2%. Days before, Standard and Poor’s changed the outlook on its sovereign rating to negative. The same day, Moody’s held its sovereign rating steady at non-investment grade / junk, with a stable outlook. This analysis is a fact check on the mid-year fiscal budget review, offering data-based insight into the status and trajectory of the T&T economy.