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The legalisation of marijuana can have a positive effect on the country’s economy. Legalisation can allow the country to trade marijuana and gain profits and foreign exchange

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The demonetisation of the $100 dollar bill will have a positive effect on the economy as it will flush out all fake bills and allow people who gain money through illegal means to be discovered. The new bill also makes it more difficult for persons to produce counterfeit money, thus improving the country’s security measures in terms of money.

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The central bank reports a trend of low and stable inflationary conditions in the first 8 months of 2019, as a result, both core and food inflation were subdued. This is positive as consumers purchasing power would not decrease as the price level of food did not increase.

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Economists Slam the budget                The express October 8th

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Economists Slam the budget                The express October 8th

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The Trade and Industry minister Paula Gopee-Scoon claims that the government is pursuing an aggressive development agenda, Saying that economic growth has returned, she said for the period 2020- 2021 growth is expected at the rates of 1.9 per cent, 4.1 per cent and 3.1 per cent respectively. This will have a positive effect on the economy.

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The Central Statistical Office (CSO) is going to conduct an individual economic census for Tobago in 2020. This would help for the needs of Tobago to be identified and catered for by the central government.

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The government is giving the housing development corporation (HDC) the cash flow to build new houses. Although this is positive for individuals as it provides homes, this is a great expense to the government that barely has money.

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TRINIDAD Tourism Ltd (TTL) has recorded a two per cent increase in tourist arrivals for the period January to September. This would’ve had an, although small, positive effect on the economy as it slightly boosts the country’s tourism sector.

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Between 2015 and 2019 Government spent over $5 billion on backpay to public servants. This comes as a negative effect on the economy as the country’s level of expenditure is greater than its income.

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The many rallies conducted by The government in preparation for local government elections will have a negative impact on the economy as large, unnecessary sums of money are being used on them, especially when the country is not in the best state financially.

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Legislation to decriminalise marijuana is to be passed in September. This decriminalisation should have a positive effect on the economy as the country can trade marijuana legally and gain revenue and marijuana related crimes can possibly be reduced.

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The San Fernando Waterfront Redevelopment Project At a cost of $1 billion dollars, if brought to a reality is expected to to expand the business sector , improve transportation facilities and create opportunities for international and local tourism.

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The 178-year-old company Thomas cook Airlines has ceased operations. The shutting down of this airline means that there are no flights from mainland Europe. This will have a major negative impact on the local tourist industry.

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BHP Billiton has announced a 3.5 trillion cubic feet gas find Off the west coast of Trinidad and Tobago. The company estimates its resources in TT to be 520 million barrels of oil equivalent. This effects the economy positively as the country will gain Revenue due to this find.

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The Tobago Tourism Agency Ltd’s destination marketing campaign – Tobago Beyond – won the Silver Award for Best National Tourism Board Campaign at the International Travel and Tourism Awards in London. This puts Tobago on the word map as an  an island "untouched, unspoilt and undiscovered". This international recognition can boost Tobago’s Tourism

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Carnicon is a global carnival convention planned to take place in 2020. This convention will allow Trinidad and Tobago to claim being the birthplace and originators of Carnival. This can boost the countries economy via tourism.

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An arch identical to the one in Shanghai was put up on Charlotte street Port-of-Spain. This was of no cost to the city as it was done through the Chinese embassy. This arch can possibly bring tourism and aid the economy as it boosts Trinidad’s relations with China.

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The 2020 national Budget affects the economy negatively as there are no long term sustainable measures to generate revenue and there is no money to sustain recurrent expenditure in relation to increased wages and infrastructure development programme