Analysis by Region - Emerging Markets - Trinidad and Tobago

Analysis by Region - Emerging Markets - Trinidad and Tobago

We expect GDP growth in Trinidad and Tobago to ease to 1.6% in 2023 and 1% in 2024, following the post-coronavirus pandemic 9.4% rebound in 2022. Slower growth can be attributed to a less supportive economic environment with persistent inflation, tighter global lending conditions, and lower-than-expected oil and gas prices. We expect medium-term growth to gradually pick up in the mid-2020s as the global economy recovers.