Director of the Communications Department at the Washington-based financial institution, Gerry Rice told a news conference that “broadly on the outlook for Trinidad and Tobago, we believe it has started showing signs of improvement from the second half of 2017, and is estimated to have actually returned to positive growth in 2018”
He told reporters from around the world that the IMF would be updating that assessment in the upcoming World Economic Outlook (WEO) in July this year.
“On the question about our forecasts and projections, these were published in the April World Economic Outlook, the WEO. They were based on information that was available as of early March, including data provided by the authorities and published information from official institutions in Trinidad and Tobago,” he said
“And again, the team will update those estimates — in the context of the July WEO update — using information available that should take us through early June including actual GDP (gross domestic product) growth figures for the full year of 2018, which are expected to be released in the coming weeks,” Rice told reporters in Washington.
Earlier this year, the IMF predicted a 0.2 per cent growth in Trinidad and Tobago's economy this year
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