Structural weaknesses and long-standing fiscal and external vulnerabilities already challenging The Bahamas were compounded over the last 15 months by the worst natural disaster and economic shock in its history…
This report takes a look at why T&T could be heading to default and a balance of payments crisis by end-2022. With a wide and growing fiscal deficit, higher debt, grossly overvalued TTD and other harmful FX policies…
Read our most recent scenarios given the severe interruptions to tourism from COVID-19 and the lower oil price environment for the Caribbean’s commodity dependent countries. This report reviews: Caribbean implications of COVID-19, fiscal outlooks and risks, remittance, travel and tourism outlook, outlooks for commodity-dependent countries, policy/response recommendations and risks to monitor.
The persistently weak economy in Trinidad and Tobago is a product of fiscal and broader macroeconomic mismanagement under successive governments. Marla takes a look at how a fiscal responsibility framework can help put the country’s economy on a sustainable path.
Moody’s released its Annual Credit Analysis on the Government of Trinidad and Tobago (GORTT) on June 28, 2019, followed by a FAQ on growth prospects, fiscal consolidation, and external risks on July 15, 2019. Moody’s has maintained its Ba1 (speculative/junk) rating on T&T with a stable outlook. On July 9, 2019, S&P Ratings downgraded T&T’s […]
The European Union (EU) published its first blacklist of 17 countries in December 2017, and updated it in March 2019 to reflect 15 countries, including the OECD’s “Largely Compliant” territories of Aruba, Barbados, Belize and Bermuda. This report takes a deeper look at some of the potential causal factors.
Contrary to what the Government would like us to believe, the T&T economy is in anything but a recovery and has NOT turned around. This report takes a look at some common measures of socio-economic performance to see.
Marla reviews the most recent developments related to the announced closure of Petrotrin. This brief is a summary of information, data and statements related to the reduction in workforce, company financials, debt, capital investment and the outlined restructuring.