Trinidad & Tobago: The double-edged sword of being the Caribbean’s largest energy producer

​A difficult but gradual return to growth

Real GDP growth in Trinidad & Tobago has been negative since 2014 strained by a contraction in the energy sector amid low oil prices. However we forecast growth finally turning positive in 2018 at +1.9%, and reaching +2.2% in 2019. This is in line with the recovery of the region, which is projected to firm, and the acceleration of the US economy (Trinidad’s main trade partner).