CATEGORY: OBG Business Barometer
After posting results of the OBG Business Barometer: CEO Surveys from countries around the world, including Mexico, the Philippines, Egypt and Saudi Arabia, being able to present the first edition on Algeria is a milestone. The country is full of opportunities and challenges, and certainly demands greater local knowledge than other markets.
Promising developments in the energy sector, driven by new projects coming on stream – notably EOG’s Sercan and BP T&T’s Trinidad Onshore Compression and Juniper projects – together with an uptick in exploration activity, may indicate early signs of recovery that could spill over into other sectors of the economy. In Oxford Business Group’s second OBG Business Barometer: T&T CEO Survey, 60.7% of companies said they were likely or very likely to make a capital investment, up from 44% in November 2016, while 57.1% were positive about local business conditions, a marked rise on the 18% reported last year.
A few months ago, we wrote a piece discussing the prospects of the economy of Trinidad & Tobago. The title got it right: forecasts were mixed, and today remain the same.