Trinidad austerity 2016

One month after the Brexit vote, Caribbean markets are absorbing the sterling weakness and BOT constitutional uncertainty. ExxonMobil’s Payara discovery in Guyana adds another layer of excitement to the emerging oil economy. Caribbean summer tourism continues to perform strongly despite the global political turbulence.

Trinidad Carnival 2016 delivered a spectacular economic boost in February. Today, 3 March 2016, Jamaica goes to the polls in a tightly contested general election — the outcome unknown as this edition goes to press. Caribbean property investment continues despite oil headwinds.

WTI crude touches $26 per barrel as the oil price crash accelerates, plunging Trinidad & Tobago deeper into fiscal crisis. Caribbean mortgage markets digest the Fed rate hike, while the region looks forward to Trinidad Carnival 2016 on 8–9 February.

Our year-end edition surveys the Caribbean property and investment landscape as 2015 closes: the Paris Agreement sets new climate benchmarks, oil prices collapse toward historic lows, Trinidad & Tobago faces fiscal headwinds, and Caribbean tourism closes out a record year. What does 2016 hold?