World Bank: T&T economy will shrink this year

• Noting that T&T has the largest fiscal deficit in Central America and the Caribbean, a group of World Bank economists is expecting the T&T economy to contract this year by -0.5 percent. 
• T&T is one of only four countries that the World Bank estimates this year will have weaker economies by the end of 2019.
• The other three are Venezuela, Nicaragua, and Argentina. The economists also found T&T has the highest fiscal deficit as a percentage of gross domestic product (GDP) in Central America and the Caribbean.

 (Source: Trinidad Express)