01869cas a2200241 a 4500 AALejournalIMF018796 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484378120 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Trinidad and Tobago : 2018 Article IV Consultation-Press Release and Staff Report. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (72 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2018 Article IV Consultation highlights that Trinidad and Tobago is slowly recovering from a deep recession. The economy continued to contract but at a slower pace, underpinned by the strong recovery in gas production, while weak activity in construction, financial services, and trade, continued foreign exchange shortages, and slow pace of public investment dampened non-energy sector growth. Positive growth should return from 2018 as the recovery takes hold in both sectors. Good progress has been made in fiscal consolidation through spending cuts, but public debt continued to rise, approaching the government's soft target of 65 percent of GDP. Economic prospects are expected to improve over the medium term, but remain heavily dependent on the energy sector. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2018/285 Full text available on IMF http://elibrary.imf.org/view/journals/002/2018/285/002.2018.issue-285-en.xml IMF e-Library