TY - BOOK ID - 85600788 TI - Trinidad and Tobago : 2018 Article IV Consultation-Press Release and Staff Report. AU - International Monetary Fund. AU - International Monetary Fund PY - 2018 SN - 1484378172 148437813X PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Monetary policy. KW - Monetary management KW - Economic policy KW - Currency boards KW - Money supply KW - Foreign Exchange KW - Macroeconomics KW - Public Finance KW - Statistics KW - Industries: Energy KW - Debt KW - Debt Management KW - Sovereign Debt KW - Fiscal Policy KW - Energy: Demand and Supply KW - Prices KW - Energy and the Macroeconomy KW - Public finance & taxation KW - Currency KW - Foreign exchange KW - Petroleum, oil & gas industries KW - Econometrics & economic statistics KW - Public debt KW - Energy sector KW - Fiscal consolidation KW - Energy pricing KW - Economic sectors KW - Expenditure KW - Fiscal policy KW - Debts, Public KW - Energy industries KW - Expenditures, Public KW - Trinidad and Tobago UR - https://www.unicat.be/uniCat?func=search&query=sysid:85600788 AB - This 2018 Article IV Consultation highlights that Trinidad and Tobago is slowly recovering from a deep recession. The economy continued to contract but at a slower pace, underpinned by the strong recovery in gas production, while weak activity in construction, financial services, and trade, continued foreign exchange shortages, and slow pace of public investment dampened non-energy sector growth. Positive growth should return from 2018 as the recovery takes hold in both sectors. Good progress has been made in fiscal consolidation through spending cuts, but public debt continued to rise, approaching the government’s soft target of 65 percent of GDP. Economic prospects are expected to improve over the medium term, but remain heavily dependent on the energy sector. ER -