(AGENPARL) - Roma, 16 Marzo 2023 - (AGENPARL) – gio 16 marzo 2023 [Mission Concluding Statements](http://www.imf.org/cgi-shl/create_x.pl?ms)
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https://www.imf.org/en/News/Articles/2023/03/16/trinidad-and-tobago-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46250
[Trinidad and Tobago: Staff Concluding Statement of the 2023 Article IV Mission](https://www.imf.org/en/News/Articles/2023/03/16/trinidad-and-tobago-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46250)
MARCH 16, 2023
https://www.imf.org/en/News/Articles/2023/03/16/trinidad-and-tobago-staff-concluding-statement-of-the-2023-article-iv-mission?cid=em-COM-123-46250
Economic activity is recovering. Real GDP is estimated to have expanded by 2.5 percent in 2022, supported by the non-energy sector which was partially offset by an unexpected weak performance of the energy sector. Inflation increased, reaching 8.7 percent by end-2022, driven by imported energy and food prices, partial liberalization of domestic fuel prices in 2022, and domestic floodings. Banks’ credit to the private sector is recovering and the banking sector appears well-capitalized, liquid, and profitable. The current account surplus expanded, and foreign reserves coverage remained adequate at 7.6 months of prospective total imports.
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