Economist Dr Indira Sageewan says the ongoing war in the Middle East can have a positive impact on the economy of Trinidad and Tobago.
Speaking to CNC3 earlier today, Dr Sageewan said the war has pushed up global energy prices and this could provide a short term economic windfall.
“This is good news for Trinidad and Tobago, certainly in the short-term, because it could mean we could potentially now be in a position to enjoy a windfall as a consequence of the war that is taking place,” she said.
“That is one of the first and potentially positive impact that we can see.”
European stock markets fell again on Monday, following sharp losses in Asia as global investors worry over the economic fallout from the ongoing conflict.
Analysts say escalating tensions over the Strait of Hormuz are fueling market palpitations.
