As part of its forecast exercise, the World Bank estimates for real GDP growth in Trinidad and Tobago for 2018 have been revised from -1 percent to +0.7 percent.
This revision takes into account recently released data of quarterly sectoral GDP, non-energy production in the last quarter of 2018 indicating a faster pace of economic activity than previously estimated, and updated figures for the 2018 annual oil and gas production, World Bank said in a statement.
Accordingly, the country’s 2019 World Bank forecast for GDP growth has been revised from -0.5 to +0.9 percent. (UNI)
