The International Monetary Fund (IMF) says the economy of Trinidad and Tobago is slowly recovering from a prolonged recession driven by energy supply shocks and low energy prices.
The Washington-based financial institution said in a statement on Friday after the conclusion of the 2018 Article IV Mission said with signs of improvement driven by energy sector growth from the second half of 2017, the economy is expected to return to positive growth in 2018 as the recovery takes hold in the non-energy sector.
According to CMC News, it added that good progress is being made in implementing fiscal consolidation and as growth gathers pace, policies should focus on completing the fiscal adjustment.
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