Saturday 24 October, 2020

WATCH: JMMB forum takes a critical look at TT economy

JMMB, in collaboration with the Trinidad and Tobago Chamber of Industry and Commerce, hosted a luncheon at the Hyatt on September 8 which took a comparative look at Jamaica and Trinidad and Tobago's economies as well as focused on the road ahead for economic development in Trinidad and Tobago. 



While the UNDP has stated that Trinidad and Tobago has a 'high growth development', it was noted that challenges still exist such as high unemployment, public debt, and poverty. Economic growth is sufficient but is not a means to an end. It was added that the country is currently experiencing economic stagnation and that there was an urgent need for entrepreneurship and innovation. 

Keith Duncan, President of JMMB, during his presentation on how Jamaica worked through its own economic turbulence stated that it's crucial to have a monetary and executable plan, as well as having 'a collective ownership'. 

Ronald Hinds, President of the Trinidad and Tobago Chamber of Industry and Commerce also spoke at the forum. Find out more on his contribution as well as why it's important to focus on not just economic diversification but also economic transformation. 

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