Ongoing Spread of Covid-19 Poses Risks To Social Stability, Fiscal Consolidation In T&T

• The continued spread of COVID-19 in Trinidad & Tobago (T&T) will keep unemployment elevated in the coming months, raising risks to social stability and weakening the popularity of the ruling, centre-left People’s National Movement (PNM). 
• Fitch Solutions has revised down T&T’s score in its Short-Term Political Risk Index (STPRI) to 60.8 out of 100, from 61.5, due to the growing risks to social stability in the months ahead. 
• Moreover, Fitch sees increased risks to the PNM’s goal of enacting fiscal consolidation in the medium term, as austerity measures would likely further undermine the party’s public standing and potentially provoke public protests against these reforms.

(Source: Fitch Solutions)