T&T Gets Favourable Outlook For Growth

Minister of Finance Colm Imbert has received encouraging news from the International Monetary Fund (IMF) which gave T&T a favourable outlook for growth.

In its Country Report, the IMF said for the first time in a decade, T&T is experiencing a gradual and sustained economic recovery.

The report praised Government’s fiscal policies, its management of the public debt, diversification efforts and moves to strengthen its tax regime, and its climate and green energy agenda.

The report also added that economic growth is expected to gain momentum this year, with real GDP expected to expand by 2.4%.

However, the report indicated that while T&T is seeing growth, it has not returned to pre-pandemic levels.

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