economy

Imbert: World Bank has adjusted growth figures from negative to positive

Finance Minister Colm Imbert has just announced that the World Bank has revised its Gross Domestic Product (GDP) growth figure for this country, from -1 percent to +0.7 percent for 2018.

Imbert said this was because the analysts were not using up to date Central Statistical Office data and were relying on informal data such as newspaper articles.

The Minister met with World Bank and IMF officials where this country defended its economic growth following the initial estimation.

Tobago anxious about PM’s plan to fix economy

Prime Min­is­ter Dr Kei­th Row­ley’s lat­est state­ments on his Gov­ern­ment’s steps to mend To­ba­go’s econ­o­my are caus­ing anx­i­ety among many stake­hold­ers on the is­land. How­ev­er, while they re­joiced at some of Gov­ern­ment’s plans yes­ter­day, they said the ma­jor­i­ty of the mea­sures do not ad­dress the sit­u­a­tion in the short term.

Over the last cou­ple of years, the is­land’s econ­o­my has faced chal­lenges, with the seabridge woes deep­en­ing the prob­lems.

Close to 4,000 tourists visit aboard MSC Preziosa

Close to 4,000 cruise passengers arrived in Trinidad today as the MSC Preziosa made its fourth call on the port of Port-of-Spain.

The passengers, many of whom came from Europe, Guadeloupe, Martinique and other countries, were greeted with the soca songs played by a DJ.

A statement by the Tourism Ministry says that four French students from St George’s College, Barataria, provided translation services as about 712 of the 3,595 visitors went on pre-booked tours to popular places of interest, while there were an estimated 500 privately arranged tours.

Carnival jumbies fork out $5,000-$15,000

Are you will­ing to fork out be­tween $5,000 to $15,000 for Car­ni­val fetes and mas, us­ing your sav­ings and bor­row­ing if you have to? This is the av­er­age fig­ure mas lovers are will­ing to spend to en­joy the rev­el­ry this sea­son. In a Sun­day Guardian poll on Face­book, many Car­ni­val lovers said the sea­son can cost them from $5,000 up­wards—with an av­er­age spend of $12,000 to $15,000.

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