Culturosity

Trinidad and Tobago’s roaring economy has almost reached full-capacity, and now threatens to burst. Without reining in the inflation rate and loosening its artificial peg to the U.S. dollar, valuable gains in Trinidadian and Tobagonian international trade could be wiped out. The economy desperately needs diversification away from dependence on energy sector, and in addition to hiking interest rates, other measures, such as better fiscal policy management and the adoption of a more appropriate exchange rate, should be embraced. Read the Council on Hemispheric Affairs' full release here.