Birth rates in Trinidad and Tobago have fallen sharply over the past five decades, creating a structural demographic shift that threatens economic growth, the sustainability of public pensions, and the financial security of future retirees. The country’s crude birth rate declined from about 29 births per 1,000 people in the …
Read More »How Trinidad’s Carnival boosts economy and tourism
Trinidad and Tobago Carnival, often dubbed “The Greatest Show on Earth”, is more than just a vibrant celebration of culture, music, and creativity. It is a significant economic driver that fuels the twin-island nation’s economy and tourism sector. Each year, this world-renowned festival attracts thousands of visitors, generates substantial foreign …
Read More »The possible economic effects of the 2024 US port workers strike on Trinidad and Tobago
The 2024 US port workers strike involves over 45,000 members of the International Longshoremen’s Association (ILA), affecting 36 ports across the East and Gulf Coasts. These ports handle around 43% to 49% of all US imports, and the strike has the potential to disrupt global supply chains, including those in …
Read More »Impact of a 64% electricity rate increase in Trinidad and Tobago
Electricity plays a critical role in the economy and daily life of Trinidad and Tobago. The country enjoys relatively low electricity rates due to its natural gas resources, which fuel the majority of its electricity production. However, if electricity rates were to increase by 64%, the ripple effects across various …
Read More »Eastward safety exodus amid soaring crime rates in Trinidad and Tobago
Port-of-Spain, once a bustling hub of commerce, feels eerily hollow these days. Shop windows stare blankly, “closed for relocation” signs flapping in the sea breeze. This isn’t a planned economic shift, but a desperate exodus driven by an invisible enemy: “Town’s” rampant crime. Citizens are fleeing the western peninsula en …
Read More »Clogged arteries: How inefficient customs hamstring a nation’s growth
Online shopping has become a part of the Christmas experience, taking advantage of seasonal sales, buying directly from the manufacturer or just being able to buy something that is not available locally. These are just some of the benefits. This is not the case for Christmas 2023, as freight forwarders …
Read More »Potential effects of a war between Guyana and Venezuela on Trinidad and Tobago
Amidst the intricate tapestry of Caribbean geopolitics, the spectre of war between Guyana and Venezuela casts an ominous shadow over neighbouring Trinidad and Tobago. As territorial disputes and resource claims continue to escalate, the potential ramifications for Trinidad and Tobago’s political stability, economic prosperity, and regional security are dire and …
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