Economic activity is anticipated to improve in 2023, bolstered by activity in the energy sector.
This information is contained in the latest Central Bank Economic Bulletin.
It says key upstream energy sector projects will help to boost domestic energy sector production.
The January bulletin said increased business activity and continued recovery of consumer demand are expected to strengthen the performance of non-energy sectors.
It said the pace of domestic recovery will depend in large measure on the extent of business confidence and relatedly how much progress is made in improving the ease of doing business in Trinidad and Tobago.
Over the short term, energy prices are anticipated to remain elevated but may experience some softening.
Consequently, domestic inflation is likely to continue to edge up in early 2023, and moderate thereafter in line with global developments.
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