Macroeconomic Forecast Trinidad & Tobago

BMI View: T&T's foreign reserves increased by 7.6% y-o-y in January to US$9.8bn. Given our relatively strong outlook for the country's external accounts, underpinned by robust energy exports on the back of high oil prices this year, we expect foreign reserves to continue ticking up over the coming quarters. This informs our forecast for reserves to hit US$10.5bn by end-2012.

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