Public Sector Investment Programme 2012. Tobago

The state of the global economy reflects attitudes of varying natures. As evidence points to the presence of many emerging economies, such as India and China, the global majority is attempting to recover from its preceding periods of economic crisis. This imbalance on the global front therefore continues to affect the rate of economic growth in Trinidad and Tobago. For Tobago, it meant a slowdown in economic activities where the local economy’s main stimuli lies within its tourism sector and those undertakings directly carried out by the Tobago House of Assembly. A decline in visitor arrivals from affected major economies like North America and Europe along with the imposition of the United Kingdom’s Air Passenger Duty, the onslaught of recent global natural disasters and increased levels of crime and unemployment within the island, served to negatively impact the tourism sector in Tobago.