Economist: Higher energy prices masking harsh realities

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    Photo credit: 103FM

    T&T has benefitted from higher energy prices recently, however those revenue figures are masking some harsh realities.

    103.1FM News spoke with Economist Dr. Vaalmiki Arjoon ahead of the 2023 Budget Presentation on Monday.

    He pointed out that while the numbers have been good of late, the country is still in the midst of a challenging economic reality.

    Dr Arjoon also pointed to other harsh economic realities, including an economy in a recession and the high cost of living.

    Moving forward, Dr Arjoon says the upcoming budget should outline a strategy to help control the cost of living and create an even more competitive private sector.

    For Dr Arjoon, the ease of doing business locally is a key factor.

    Dr Arjoon also restated his long-held stance that the Port of Spain port should be privatized.