New Country Reports research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 03/06/2013 -- Core Views
Given tepid global growth, ongoing maintenance projects in Trinidad & Tobago (T&T)'s energy sector and a weak non-energy sector, we maintain our view that real GDP growth will remain slow in T&T in the coming years. As such, we forecast average growth of 3.1% between 2012 and 2017.
Despite relatively elevated energy prices, we expect T&T's fiscal accounts to post modest deficits over the medium term due a continued rise in recurrent expenditures.
Moreover, while we expect energy exports to ensure T&T's current account remains in surplus over the coming years, we continue to highlight that a greater diversification of exports and export markets is necessary to ensuring a robust balance of payments position over the long term.
View Full Report Details and Table of Contents
Major Forecast Changes
We have revised down our 2012 real GDP growth forecast for T&T to 1.0% from 1.5%, as we believe continued weak energy sector output and little upside for the non-energy sector means that economic activity will be slower than we previously anticipated. That said, we anticipate a modest acceleration in real GDP growth to 2.5% in 2013 as energy output begins to come back online.
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Country Reports research reports at Fast Market Research
You may also be interested in these related reports:
- East Caribbean Business Forecast Report Q1 2013
- Singapore Business Forecast Report Q1 2013
- Poland Business Forecast Report Q1 2013
- Sri Lanka Business Forecast Report Q1 2013
- Russia Business Forecast Report Q1 2013
- Slovenia Business Forecast Report Q1 2013
- Slovakia Business Forecast Report Q1 2013
- Vietnam Business Forecast Report Q1 2013
- Australia Business Forecast Report Q1 2013
- Iraq Business Forecast Report Q1 2013
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)