Tag Archives: recession

Straight out of the gates, on 2 January 2023, the news hit like a bucket of cold water. As though we did not know enough about the new year’s challenges, Kristalina Georgieva, the IMF managing director, predicted: “[…] 2023 will be ‘tougher’ than last year… We expect one-third of the …

“[…] The spread of Covid-19 has disrupted households and businesses in the form of reduced economic activity which has affected wages and revenue. This disruption leads to a lowered standard of living/poverty, or price increases to prevent business losses which then results in inflation…” The following Letter to the Editor …

As the global community grapples with an insidious pandemic, creative and tourism sectors worldwide have already incurred substantial losses due to significant economic contraction, triggered by the suspension of events and the closure of borders. Undoubtedly, stakeholders within the Trinidad and Tobago Carnival industry have already begun to wrestle with …

The bickering among Islamic organisations over the allocation and distribution of Government funding for the recent Eid celebrations underscores a point I’ve made ever since this nonsense started a few years ago: Government ought never to dispense public funds for religious festivals. A few weeks before Eid, in the midst …

Minister of Finance Colm Imbert was interviewed by Khamal Georges on CNC3 last week and it was difficult not to be genuinely impressed by his calm demeanour. It contrasted sharply with the agitation and irritation he displayed during his mid-year review in Parliament a week prior, when he announced to the …

I find it almost amusing that some grocers who are caught dipping their greedy hands deep inside consumers’ pockets, cry foul when their names and outrageously high prices are exposed through advertisements posted by the Consumer Affairs Division of the Ministry of Trade. In immediate response to being named as …

Among the many points to be distilled from the West Indies’ Twenty20 victories is that the solution to any Caribbean problem often lies beyond the boundary of the problem as usually defined. This is as true of our cricket as it is of our economy, politics or, indeed, any other …

I don’t know if we should be more afraid of banks and bankers or bandits and murderers. Seriously. Both strike when we are most vulnerable. They relieve us of our life’s savings, of what we have worked tirelessly to provide for our families, with a callousness that is chilling. Bandits …

She might be a woman just hurting for her country. But the image of a tearful Minister of Trade Paula Gopee-Scoon pleading for loyalty to country in this time of recession, personifies the psychology of helplessness that poses additional risk to the economy. While reduced revenue could send an economy …

This recession did not creep up on us like the proverbial thief in the night. It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US$140 a …