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.
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 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.
T&T’s debt-to-GDP ratio is decreasing, energy exports are increasing and natural gas production is on the upswing, Prime Minister Dr Keith Rowley announced in the second part of his address to the nation broadcast on Monday night.
“That is called getting the job done,” he said.
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.