Recession seems to be the word on everyone’s lips. After the previous Governor of the Central Bank announced that the country was officially in a recession, the word “recession” has now become a buzzword in Trinidad and Tobago. The reduction in oil and gas prices globally has created a domino effect both locally and internationally. Locally, this reduction has resulted in a decrease in the revenue from the country’s main export product. This has resulted in a shortage of US Dollars in the country along with unemployment and most recently the closing down of steel giant ArcelorMittal.
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Ms. Keila Fraser is a Programme Specialist in the Executive Education Department of the Arthur Lok Jack Graduate School of Business.
She previously worked as a communication professional in the energy sector focused on partnering with various stakeholders to promote business and social initiatives.