Economy / Trinidad & Tobago
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Macroeconomic Forecast Trinidad & Tobago
September 2007 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Following a strong trade surplus in 2006 (US$5.26bn, up 33% y-o-y), on the back of the booming energy sector, BMI expects a similarly strong surplus in 2007 (US$7.6bn), amid increased volume output and sustained high prices for oil and liquid natural gas (LNG). Import growth, while remaining strong in line with domestic demand, will not keep pace with exports this year or next. Looking ahead to 2008, despite fears that the latest financial market crisis may have an impact on the wider US economy, global energy demand remains strong and BMI's oil price assumptions envisage only a moderate softening