Trinidad and Tobago: full speed ahead.

Author:Jones, Forrest
Position:Indicators - Brief Article
 
FREE EXCERPT

Trinidad and Tobago's economy is growing, and energy exports are fueling that growth. Since 1996, Latin America has ridden a roller coaster of economic expansion and financial shockwaves including the Asian crisis, Brazil's devaluation and Argentina's default. While few have escaped recession, the Caribbean nation of Trinidad and Tobago's economy has grown every year.

And it seems like the best is yet to come. The United Nations Economic Commission for Latin America and the Caribbean says Trinidad and Tobago's economy will grow 6% in 2004 from 2003, more than any other year since 1996. Growth is expected to hit 9.1% in 2005, and all that is possible thanks to hefty energy exports.

Trinidad and Tobago is a large producer of oil derivatives and...

To continue reading

FREE SIGN UP