RESHMA SINANAN-RAMBHAROSE
Introduction
Trinidad and Tobago Economic Outlook
The economic performance in the second and third quarters was likely buttressed by the hydrocarbon sector, thanks both to higher oil prices and an uptick in natural gas output on the back of BP’s Juniper project. These developments buoyed the fiscal position, helping the deficit narrow markedly through June, with the positive effects set to continue in H2. On the other hand, oil-sector activity will likely soften somewhat in Q4 as state-run company Petrotrin halted its oil refining operations in October while the company is restructuring, with the indefinite closing of the island’s only refinery scheduled for 30 November.
Growth appears poised to accelerate next year due to greater natural gas output, as the Angelin project comes on line. The country’s vulnerability to a downturn in energy prices, however, remains a significant downside risk. FocusEconomics panelists expect growth of 1.7% in 2019, down 0.1 percentage points from last month’s forecast, and 1.6% in 2020.
Task
Children will be asked to do a mini booklet on the economic status in Trinidad.
Process
This task will be given for a period of one (1) week to be completed. Then selected children will be given the opportunity to share their with the class. This will be a learning experience for all.
This will be 5% of their end of term mark.
Evaluation
How will the written piece be marked?
The following criteria will be considered when marking:
- How well students managed to present the data (2 marks)
- Grammar, punctuation & spelling (2 marks)
- Reading fluency (1 mark)
Conclusion
From this lesson students should be able to:
- Make wise decisions in their personal lives to prevent economic crisis in the home
- Know what and how it can affect their lives both short and long term