Trinidad and Tobago: Staff Report for the Article IV Consultation

International Monetary Fund

No 1999/048, IMF Staff Country Reports from International Monetary Fund

Abstract: This 1999 Article IV Consultation highlights that after emerging from a prolonged period of decline in the 1980s, the economy of Trinidad and Tobago has performed well in recent years, with steady economic growth and low inflation. Although a sizable investment boom in the energy sector should contribute to faster growth in the coming years, a serious terms-of-trade shock in 1998 limited output growth. Inflation has declined to a relatively low level, although rising food prices led to some pickup in 1998. The unemployment rate, although declining, remains high, at about 14 percent.

Keywords: ISCR; CR; deficit; central bank; report; revenue effect; Trinidad and Tobago economy; current account; balance of payments; terms of trade; central government deficit; private sector; IMF's article; fiscal year; debt service; trade-weighted index; Public sector; Oil prices; Public enterprises; International reserves; Global; Asia and Pacific; Caribbean (search for similar items in EconPapers)
Pages: 54
Date: 1999-07-01
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