Economist Dr. Terrence Farrell

Economist Dr. Terrence Farrell

This country’s economic problems have just started as the price of oil and gas will not rebound anytime soon.

Economist Dr. Terrence Farrell told the Rotary Club of Port of Spain that the country isn’t really going through a recession but a period of structural adjustments.

He revealed things would not improve anytime soon especially with the production of Shale oil in the US and Iran coming back on stream as a major exporter.

He said how the government treats with the matter will determine how it will affect T&T.

He noted the handout culture of the Trade Unions and other sectors must change.