Trinidad and Tobago: 2005 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Trinidad and Tobago
February 1, 2006
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This 2005 Article IV Consultation highlights that the macroeconomic performance and financial developments in Trinidad and Tobago are currently being driven by a highly favorable external environment. Surging oil prices have strengthened the external current account balance, financed an expansion of aggregate demand, and contributed to high levels of liquidity in the financial system. There are tentative signs that the economy is producing at, or near, capacity, and inflation pressures are emerging. Financial markets have generally been buoyant in reflection of the ample liquidity.
Subject: Expenditure, Foreign exchange, Inflation, Oil prices, Prices, Public debt, Real exchange rates
Keywords: Caribbean, central bank, CR, economy, government, headline inflation, Inflation, ISCR, oil price, Oil prices, private sector, Real exchange rates, sector activity, stabilization fund, Trinidad and Tobago authorities, U.S. dollar
Pages:
51
Volume:
2006
DOI:
Issue:
032
Series:
Country Report No. 2006/032
Stock No:
1TTOEA2006002
ISBN:
9781451837650
ISSN:
1934-7685
