Trinidad and Tobago is being hit by two shocks, the spread of the Cornavirus (COVID-19) and the sharp decline in oil prices. The virus is creating a health crisis and uncertainty in the economy, whilst the low energy price is denting government revenues. Assuming the pandemic is contained in 2020 and the energy prices recover from their 2020 low point, real GDP is expected to bounce back to grow by 2.6% in 2021. Afterwards, it will slow to about 1.7% per year by 2027.
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