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Trinidad and Tobago's Economy Plummets 17.6% Under Rowley

1/20/2025

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Summary

Story summary

Trinidad and Tobago's economy contracted by 17.6% under Prime Minister Keith Rowley's leadership since 2015.
Rowley plans to retire from politics in January 2024.
Economists criticized his economic management due to falling GDP and increasing debt levels.
The country experienced a net outflow of $3.18 billion in Foreign Direct Investment since 2015.
A significant decline in the energy sector's output has led to economic instability.

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Story summary

Trinidad and Tobago's economy contracted by 17.6% under Prime Minister Keith Rowley's leadership since 2015.
Rowley plans to retire from politics in January 2024.
Economists criticized his economic management due to falling GDP and increasing debt levels.
The country experienced a net outflow of $3.18 billion in Foreign Direct Investment since 2015.
A significant decline in the energy sector's output has led to economic instability.