T&T in “worrying position” ahead of National Budget

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T&T in “worrying position” ahead of National Budget

T&T is in a worrying position with the country listed as the 15th worst performing economy in the world in 2021.

So says economist Dr Roger Hosein as he noted that T&T is in its 6th consecutive year of decline.

He told Power 102 Digital’s Power Breakfast Show this morning that the economic tension in the country is being manifested through crime.

Dr Hosein said ahead of the budget, greater investment needs to be generated to create jobs and non-energy exports.

However he said this will be hindered by the current crime rate as investors are unlikely to open a business or encourage its growth if they face rising crime levels.

Noting that the country’s economic situation is still concerning, he criticized Finance Minister Colm Imbert for his attempt at painting an optimistic picture of the economy at the recent Spotlight event.

Dr Hosein also revealed that according to the IMF, T&T was the 15th worst performing economy in the world among 195 countries.

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