Caribbean oil price impact 2015
COP21 is in session in Paris as the Caribbean watches the climate negotiations with acute urgency. The Federal Reserve is expected to raise interest rates for the first time since 2006 later this month. Oil prices are near multi-year lows, the year-end Caribbean property market closes on a note of resilient optimism.
One month after Hurricane Joaquin, the Bahamas reconstruction effort is underway but the scale of the challenge is becoming clearer. T&T’s Rowley government unveils its economic programme amid falling oil prices, Caribbean tourism season opens strongly, and the world’s attention turns to Paris as COP21 approaches.
The PNM’s victory in Trinidad & Tobago’s 7 September election brings Dr Keith Rowley to power as Prime Minister at a moment of acute fiscal stress. In the final days of this coverage period, Hurricane Joaquin devastated the southern Bahamas as a catastrophic Category 4 storm, triggering a major humanitarian and reconstruction crisis.
The Caribbean hurricane season enters its statistical peak as Trinidad & Tobago prepares for a pivotal general election on 7 September. Guyana’s oil story deepens and Caribbean property markets demonstrate resilience amid global economic uncertainty.
Caribbean spring investment momentum builds as T&T’s energy sector adapts to lower oil prices, Jamaica posts IMF programme milestones, and the Dominican Republic’s construction boom reshapes the resort-residential landscape.
Trinidad Carnival 2015 electrifies regional confidence while falling oil prices test the T&T economy. Caribbean spring tourism gathers pace and property investors eye opportunity across the archipelago.