Recession To Continue In T&T As Energy Prices Remain Subdued

• Economic activity will contract in Trinidad and Tobago (T&T) as low prices discourage investment in T&T’s sizeable energy industry.
• In addition, T&T’s overvalued exchange rate will cap consumption and limit investment in the non-energy sector, restricting T&T’s medium-term growth outlook
• Fitch Solutions have revised down T&T’s real GDP forecast for 2019 from 1.3% y-o-y growth to 0.1% contraction and for 2020 from 1.4% growth to 0.4%.

(Source: Fitch)