Low Natural Gas Prices Will Drive T&T Export Contraction, Push Current Account Into Deficit

• Fitch Solutions expects lower energy prices will flip Trinidad & Tobago’s (T&T) current account balance into deficit in 2020.
• Consequently, it has revised its current account forecasts to -4.7% and -3.7% of GDP in 2020 and 2021, from -2.6% and -3.1% previously.
• The current account deficit will shrink gradually over the coming years as rebounding natural gas prices drive modest export growth.

(Source: Fitch Solutions)