Energy Exports To Keep T&T's Current Account In Surplus

  • Fitch Solutions forecast that Trinidad and Tobago’s (T&T) current account surplus will widen in 2019 due to an expanded traded goods surplus.
  • Growing liquefied natural gas production will bolster export growth over the coming quarters.
  • However, the view that T&T’s overall external position will remain under significant pressure is unchanged, with capital outflows forcing the Central Bank of Trinidad and Tobago (CBTT) to further draw down reserves.

(Source: Fitch)