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IMF predicts modest recovery for T&T in 2013

Published:Monday | October 7, 2013 | 1:26 PM

The International Monetary Fund (IMF) is predicting a modest recovery for Trinidad & Tobago in 2013 after the country registered disappointing growth last year.



In a statement, the IMF said Trinidad’s economy is reviving but that maintenance-related outages would continue to hamper the energy sector.



It said the non-energy sector should grow around 2.5 per cent and core inflation remains moderate.



The IMF said it estimates considerable slack in the economy and that policy should support the economy in the short run.



It said structural reforms are also needed to foster a diversified economic base.



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