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       T R O U B L E D   C O M P A N Y   R E P O R T E R

                 L A T I N   A M E R I C A

          Thursday, March 28, 2024, Vol. 25, No. 64

                           Headlines



A R G E N T I N A

EDESUR: Enel Suspends Sale Amid Milei Optimism


B E R M U D A

BERMUDA: Retailers Face Rising Costs and Falling Sales
VALARIS LIMITED: Moody's Hikes CFR to B1, Alters Outlook to Stable


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Haiti Unrest No Impact on Tourism


H A I T I

HAITI: JAC Denies Opening Air Bridge


J A M A I C A

[*] JAMAICA: Gov't Using SEZs to Position as Hub for Global Trade


P U E R T O   R I C O

TRADITION FRANCAISE: Hires Vilarino & Associates as Counsel


T R I N I D A D   A N D   T O B A G O

TRINIDAD & TOBAGO: Inflation Rate 0.8% for February

                           - - - - -


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A R G E N T I N A
=================

EDESUR: Enel Suspends Sale Amid Milei Optimism
----------------------------------------------
Patrick Gillespie & Jonathan Gilbert at Bloomberg News reports that
Italian energy giant Enel SpA confirmed it's suspended the sale of
subsidiary power distributor Edesur in Argentina as company
executives become hopeful about President Javier Milei's push to
deregulate the sector, according to a company spokeswoman.

Enel officials, including Chief Executive Officer Flavio Cattaneo,
met with Cabinet Chief Nicolas Posse and Economy Minister Luis
Caputo in Buenos Aires, where they applauded Milei, who took office
December 10, for his push to deregulate Argentina's energy
industry, according to statements from the government and Enel's
spokeswoman, notes Bloomberg News.

Enel becomes the first major multinational to pivot its strategy in
Argentina based principally on Milei's shock therapy economic plan,
the report notes.  The company had already sold two subsidiaries
before deciding to hold off on selling Edesur as the libertarian
president pledged to scrap generous subsidies and price controls
that translated into losses for the company, the report relays.
Edesur would become more valuable if it can charge customers higher
rates on electricity in Argentina, the report discloses.

Enel's support for Milei's pro-market approach comes days after
Argentina's senate voted to overturn his decree from December that
deregulates aspects of the country's energy sector, among other
measures, the report says.  The decree still stands until the lower
house of Congress votes on it, which doesn't have a date set, the
report notes.  Milei also pulled his major bill of reforms from the
legislature when lawmakers started to vote it down article by
article, raising investor concerns about his legislative strategy,
the report adds.

                      About Argentina

Argentina is a country located mostly in the southern half of South
America. Its capital is Buenos Aires. Javier Milei is the current
president of Argentina after winning the November 19, 2023 general
election. He succeeded Alberto Angel Fernandez in the position.

Argentina has the third largest economy in Latin America.  The
country's economy is an upper middle-income economy for fiscal year
2019, according to the World Bank. Historically, however, its
economic performance has been very uneven, with high economic
growth alternating with severe recessions, income maldistribution
and in the recent decades, increasing poverty.

The IMF's executive board completed on August 23, 2023, the fifth
and six reviews of Argentina's 30-month Extended Fund Facility
(EFF), and approved a US$7.5-billion disbursement to Argentina as
part of the larger program, which refinances payments Argentina
owes the institution from a previous bailout that failed to
stabilize the economy in 2018. Argentina would receive another IMF
disbursement in November of about US$2.75 billion pending another
staff-level agreement and board approval.

S&P Global Ratings, on March 15, 2024, raised its local currency
sovereign credit ratings on Argentina to 'CCC/C' from 'SD/SD' and
its national scale rating to 'raB+' from 'SD'. S&P also raised its
long-term foreign currency sovereign credit rating to 'CCC' from
'CCC-' and affirmed its 'C' short-term foreign currency rating.
The outlook on the long-term ratings is stable. In addition, S&P
revised its transfer and convertibility assessment to 'CCC' from
'CCC-'.

S&P said the stable outlook on the long-term ratings balances the
risks posed by pronounced economic imbalances and policy
uncertainties with the favorable change in near-term debt service
obligations. S&P also expect no further debt exchanges that it
would likely consider to be distressed.

Fitch Ratings upgraded on June 13, 2023, Argentina's Long-Term
Foreign Currency (FC) Issuer Default Rating (IDR) to 'CC' from
'C'and affirmed the Long-Term Local Currency (LC) IDR at 'CCC-'.
Fitch typically does not assign Outlooks to sovereigns with a
rating of 'CCC+' or below.

The upgrade of the FC IDR reflects that Fitch no longer deems a
default-like process to have begun, as the authorities have not
signaled a clear intention to follow through with an intra-public
debt swap announced in March. The new 'CC' rating signals a default
event of some sort appears probable in the coming years, regardless
of the outcome of upcoming elections. The affirmation of the LC IDR
at 'CCC-' follows the peso debt swap in June that Fitch did not
deem to be a "distressed debt exchange" (DDE).

Moody's Investors Service, in September 2022, affirmed Argentina's
Ca foreign-currency and local-currency long-term issuer and senior
unsecured ratings.  The outlook remains stable.  The decision to
affirm the Ca ratings balances Argentina's limited market access,
weak governance, and history of recurrent debt restructurings with
recent efforts to marshal fiscal and monetary measures to start
addressing underlying macroeconomic imbalances in the context of
the IMF program that was approved in 2022, according to Moody's.

DBRS, Inc. confirmed Argentina's Long-Term Foreign Currency Issuer
Rating at CCC and downgraded its Long-Term Local Currency Issuer
Rating to CCC from CCC (high) on March 3, 2023.



=============
B E R M U D A
=============

BERMUDA: Retailers Face Rising Costs and Falling Sales
------------------------------------------------------
David Fox at Royal Gazette reports that retailers have greeted 2024
with some degree of apprehension as they face rising upfront costs
and uncertainty about the future.

One long-term retailer has predicted that slow first-quarter sales
might continue with companies forced into closure, according to
Royal Gazette.

Paulette Wedderburn, the proprietor of the ladies fashion store,
Revelation Clothing Boutique & Bridal Wear, downstairs in the
Washington Mall, has seen 27 years of the ups and downs of retail,
the report notes.  She is now bracing for further industry
contraction, the report relays.

The report discloses that she said: "Not every company in Bermuda
will make it. Some will have to close. I am hoping things pick up.

"We've had a good experience in the mall since we moved in less
than two years ago. They manage the place really well. They're
consistent. Whatever breaks, they're here to fix it."

But tax and other levies that were paused since the Covid years
appear set to return and merchandise costs have soared as sales
have slowed, the report notes.

Ms Wedderburn said: "The cost of goods has risen some 30 per cent
at the vendor markets. That makes it difficult."

US economists had long feared a 2024 recession but the American
economy continues to outperform estimates, the report relays.  The
nation's gross domestic product was already on a roll in the last
quarter of calendar year 2023, growing annually 3.3 per cent in
each of the last three months, the report discloses.

In Bermuda, such recent data is not yet available but the
government website reports that, including inflation, GDP at
current purchasers' prices rose 7.4 per cent in 2022 compared with
2021, the report recalls.

Jason Hayward, the Economy and Labour Minister, told the House of
Assembly only weeks ago, that Bermuda's economy was estimated to
grow 4 per cent in 2024 and the island's economy was at its best
since 2011, the report notes.

Still, UBS banking analysts estimated as many as 50,000 retail
store closures in the United States in the five years to 2027. Last
month, Macy's said it would close 150 department stores – a third
of its total, the report notes.  The pressures on retail are real
and ubiquitous, the report says.

The BBC reported that in 2021, more than 8,700 chain stores closed
in British High Streets, shopping centres and retail parks in the
first six months of the year – nearly 50 a day – as a result of
the pandemic, crime, online shopping and other changes in shopping
habits, the report relates.

Bermuda's high-cost economy is only one problem for the retail
sector, the report notes.  After a slower than normal year in 2023
for her business, including Christmas shopping, Ms Wedderburn
surmised the softness may have been a product of her environment,
the report says.

For a long time, foot traffic has been falling in the corridors of
the island's leading shopping concourse, the Washington Mall, the
report relays.

Paul Slaughter, the director and general manager, Washington
Properties (Bermuda) Limited, was optimistic of improvements when
we spoke to him in January, the report says.  Occupancy had fallen
to under 80 per cent, but has improved, the report discloses.

He said: "Our occupancy is higher now than before Covid."

Asked about traffic, Ms Wedderburn responded: "The mall was quiet
for some time, because it had fewer stores and that may have
contributed to the slowdown in traffic.  Maybe people were less
used to coming here because there were fewer places to shop," the
report relays.

Ms Wedderburn also noticed the slowdown in the wholesale vendor
markets in Los Angeles and New York.

She has been operating her business since 1996, specialising in
bridal wear, aiming to provide stylish, high-fashion, quality
clothing at an affordable price, the report notes.

The report relays that she said her shop fitted people for all
occasions: "From bridal and prom gowns, evening wear and cocktail
dresses to casual and sports wear in sizes from two to 22."

But she added: "As far back as September last year, I noticed
during my buying trips that there was a decline in people shopping.
A lot of the wholesalers told me they just don't see the number of
buyers. Even in November and February, it was the same thing.

"I am in places normally packed with buyers like me, but it was
just a smattering of people. The garment district vendors,
themselves, say it is very slow.

"Usually at that time of year, the place is swamped with people
from all over the world. I am normally bumping into people from
Jamaica, Africa, people of all different nationalities. Normally
for the vendors, they don't even have enough people to serve you.
But lately, you have sales people outside the doors, trying to get
you to come in."



VALARIS LIMITED: Moody's Hikes CFR to B1, Alters Outlook to Stable
------------------------------------------------------------------
Moody's Ratings upgraded Valaris Limited's Corporate Family Rating
to B1 from B2, Probability of Default Rating to B1-PD from B2-PD,
senior secured second-lien notes rating to B1 from B2, and changed
the outlook to stable from positive. The SGL-2 Speculative Grade
Liquidity rating was unchanged.                

"The upgrade reflects Moody's view that Valaris' credit metrics
will improve rapidly over the next several quarters supported by
increased fleet utilization, higher average day rates and ongoing
solid demand for offshore rigs globally," said Sajjad Alam, Moody's
Vice President. "The company should be able to generate over $500
million of EBITDA and reduce financial leverage (debt/EBTIDA) to
near 2x by the end of 2024."

RATINGS RATIONALE

The B1 CFR reflects Valaris' growing EBITDA from low levels,
declining financial leverage, solid revenue backlog through 2025
and significant free cash flow potential beyond 2024. While the
company has plans to reactivate more rigs when they have been
awarded contracts and has recently upsized its share repurchase
program, Moody's expects any shareholder distributions or rig
reactivation costs to be funded with free cash flow and cash on
hand while ensuring ample liquidity cushion and a strong backlog.
Valaris' primary credit supports include its large and high-quality
rig fleet that provide strong collateral coverage for its debt;
excellent diversification across geography, rig types, and
customers; growing contracted backlog, which stood at $3.9 billion
as of February 15, 2024 (excluding rigs owned by the ARO
joint-venture, which had an additional $2.1 billion backlog); and
its 50/50 ARO joint-venture partnership with Saudi Arabian Oil
Company (A1, positive), the world's largest oil producer and
employer of jackup rigs.

Valaris has successfully signed many new contracts since early-2023
with progressively higher day rates and longer contract terms, and
these positive trends are likely to persist through 2025 absent any
major pullback in global oil prices. However, because the company
has limited contractual protection beyond 2025, rig demand and day
rates need to remain healthy for Valaris to recontract at current
market or higher rates, maintain high fleet utilization and fully
achieve its reinvestment and return objectives.

Valaris should be able to maintain good liquidity through 2025. The
company had $621 million in unrestricted cash & cash equivalents
and an undrawn $375 million revolving credit facility (expiring in
April 2028) at December 31, 2023. Due to higher reactivation and
recertification costs and increased working capital usage, Moody's
expects roughly $150 million of negative free cash flow in 2024,
which Valaris should be able to cover comfortably with its existing
cash balance. But in 2025, capital expenditures should moderate,
more rigs will transition to higher day rate contracts and overall
fleet utilization will increase leading to significant free cash
flow generation next year. Moody's expects tempered share
repurchases in 2024, which will likely become more material in
2025.

Valaris' $1.1 billion senior secured second-lien notes are rated
B1, the same level as the B1 CFR, because of the relatively modest
size of its revolving credit facility, which has a secured
first-lien claim over the company's assets.

The stable outlook reflects Valaris' significant contract coverage
through 2025, good liquidity and declining financial leverage.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

The ratings could be upgraded if Valaris can deliver free cash flow
on a sustained basis, maintain high fleet utilization and keep
debt/EBITDA below 1.5x.

The ratings could be downgraded if the company generates larger
than expected negative free cash flow or leverage does not decline
below 3x as expected. Leveraging acquisitions or aggressive
shareholder distributions could also trigger a negative rating
action.

Valaris Limited, based in Bermuda, is publicly traded and one of
the world's largest providers of offshore contract drilling
services to the oil and gas industry.

The principal methodology used in these ratings was Oilfield
Services published in January 2023.



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D O M I N I C A N   R E P U B L I C
===================================

DOMINICAN REPUBLIC: Haiti Unrest No Impact on Tourism
-----------------------------------------------------
Dominican Today reports that Tourism Minister David Collado assured
that the situation in neighboring Haiti has not affected the
tourism sector in the Dominican Republic.

"To this day, the unfortunate situation that our neighboring
country of Haiti is going through has not affected the tourism
sector in the Dominican Republic," the official said, according to
Dominican Today.

While leading the presentation of the tourism sector's results for
February, Collado said that Dominican Foreign Minister Roberto
Alvarez is the one who has to respond about the airlift proposed by
the United Nations (UN) to help Haiti, the report notes.

It is recalled that the Prime Minister of Haiti, Ariel Henry,
resigned from his position, amid the wave of violence in the
Caribbean country, reported the President of Guyana and current
President of the Caribbean Community (Caricom), Irfaan Ali, after
an extraordinary session on the situation in Haiti with
representatives from several countries in Jamaica, the report
relays.

Former Haitian rebel leader Guy Philippe rejected the agreement of
the Caribbean Community (Caricom), which seeks to create a
presidential council to lead a transition and hold elections in
Haiti, the report discloses.

Philippe considered that "the international community, through
Caricom, has decided to ridicule the Haitian people," the report
says.

                            Record Numbers

According to the Minister of Tourism, 1,057,216 visitors arrived in
the Dominican Republic in February, marking the figure as a
"record." Collado specified that 755,832 tourists came by air and
301,384 by cruise ship, the report adds.

                    About Dominican Republic

The Dominican Republic is a Caribbean nation that shares the island
of Hispaniola with Haiti to the west. Capital city Santo Domingo
has Spanish landmarks like the Gothic Catedral Primada de America
dating back 5 centuries in its Zona Colonial district. Luis Rodolfo
Abinader Corona is the current president of the nation.

TCR-LA reported in April 2019 that Juan Del Rosario of the UASD
Economic Faculty cited a current economic slowdown for the
Dominican Republic and cautioned that if the trend continues,
growth would reach only 4% by 2023. Mr. Del Rosario said that if
that happens, "we'll face difficulties in meeting international
commitments."

An ongoing concern in the Dominican Republic is the inability of
participants in the electricity sector to establish financial
viability for the system.

On December 4, 2023, the TCR-LA reported that Fitch Ratings has
affirmed Dominican Republic's Long-Term Foreign-Currency Issuer
Default Rating (IDR) at 'BB-' and revised the Outlook to Positive
from Stable. Fitch says the Positive Outlook reflects a trend
improvement in governance, and robust growth prospects that should
lead to continued gains in per capita income.  According to Fitch,
growth has decelerated in 2023, but it expects Dominican Republic
to recover to high levels during 2024-2025. External liquidity
metrics have improved in recent years, and foreign currency share
of government debt is on a downward path.

In August 2023, Moody's Investors Service changed the outlook on
the Government of Dominican Republic's ratings to positive from
stable and affirmed the local and foreign-currency long-term issuer
and senior unsecured ratings at Ba3.  Moody's said the key drivers
for the outlook change to positive  are: (i) sustained high growth
rates have enhanced the scale and wealth levels of the economy; and
(ii) a material decline in the government debt burden coupled with
improved fiscal policy effectiveness will support medium-term debt
sustainability.

The affirmation of the Ba3 ratings balances the Dominican
Republic's strong economic growth dynamics and relatively contained
susceptibility to event risks, with a comparatively weaker fiscal
position, reflecting long-standing credit challenges which include:
(i) a shallow revenue base compared to peers, (ii) weak debt
affordability metrics, and (iii) high exposure to foreign currency
borrowing.

S&P Global Ratings, in December 2022, raised its long-term foreign
and local currency sovereign credit ratings on the Dominican
Republic to 'BB' from 'BB-'. The outlook on the long-term ratings
is stable. S&P affirmed its 'B' short-term sovereign credit
ratings. S&P also revised its transfer and convertibility (T&C)
assessment to 'BBB-' from 'BB+'.  The stable outlook reflects S&P's
expectation of continued favorable GDP growth and policy continuity
over the next 12-18 months that will likely stabilize the
government's debt burden.

In February 2023, S&P said its BB ratings reflect the country's
fast-growing and resilient economy.  It also incorporates the
country's historical political and social challenges in passing
structural reforms to contain fiscal deficits, despite recent
improvements in the electricity sector. The ratings are constrained
by relatively high debt, a hefty interest burden, and limited
monetary policy flexibility.




=========
H A I T I
=========

HAITI: JAC Denies Opening Air Bridge
------------------------------------
Dominican Today reports that the President of the Civil Aviation
Board (JAC), Jose Marte Piantini, has refuted claims regarding the
opening of an air bridge between the Joaquin Balaguer (La Isabela)
and Maria Montes airports in Barahona with Haiti, as announced by
the United Nations mission in Haiti.

The JAC's press department has confirmed to N Digital that the only
existing resolution in force concerning Haiti is the one
establishing airspace regulations, amidst the escalating violence
in the neighboring country over recent weeks, according to
Dominican Today.

Reports emerged regarding the United Nations' intention to
establish an "air bridge" between Haiti and the Dominican Republic
to facilitate the flow of humanitarian aid to the crisis-hit
nation, as announced by the UN mission in Haiti, the report notes.

"The United Nations in Haiti is actively working towards
establishing an air bridge with the Dominican Republic to ensure
the smooth transportation of aid and personnel," the mission
stated.  They further mentioned plans to temporarily relocate some
personnel outside of the country and anticipate the arrival of
additional crisis response personnel, the report relays.

Amidst dire circumstances in Haiti, where four million people are
facing acute food insecurity, with one million on the brink of
famine, the director of the UN food agency in the region,
Jean-Martin Bauer, raised concerns during a virtual press
conference, the report discloses.  He emphasized the alarming
situation exacerbated by recent spikes in gang violence, which have
further displaced 15,000 people in Port-au-Prince during the first
weekend of March alone, the report adds.



=============
J A M A I C A
=============

[*] JAMAICA: Gov't Using SEZs to Position as Hub for Global Trade
-----------------------------------------------------------------
RJR News reports that as of October 2023, there were 190 Special
Economic Zone locations across Jamaica.

The Jamaica Special Economic Zone Authority (JSEZA) says this
comprises 80 developers, 68 occupants and 42 Zone users, according
to RJR News.

Kevon Farquharson, Director of Investment Promotions and
Communication at JSEZA, says the SEZs are a key part of the
government's mission to position Jamaica as a strategic hub for
global trade and commerce, the report notes.

He says while JSEZA focuses on developing several other industries,
special emphasis is being placed on logistics because it is one of
the major activities that contribute significantly to the SEZ
regime, the report relays.

Mr. Farquharson says logistics are crucial for facilitating the
efficient import and export of products and services, enabling
firms to effectively engage in international commerce, the report
adds.

                         About Jamaica

Jamaica is an island country situated in the Caribbean Sea.
Jamaica is an upper-middle income country with an economy heavily
dependent on tourism.  Other major sectors of the Jamaican economy
include agriculture, mining, manufacturing, petroleum refining,
financial and insurance services.

In October 2023, Moody's upgraded the Government of Jamaica's
long-term issuer and senior unsecured ratings to B1 from B2, and
senior unsecured shelf rating to (P)B1 from (P)B2. The outlook has
been changed to positive from stable.  The upgrade of Jamaica's
rating to B1 reflects the government's sustained commitment to
fiscal consolidation and debt reduction.  The positive outlook
reflects Moody's assessment that a continuation of the favorable
fiscal trajectory will further increase Jamaica's credit
resilience.

S&P Global Ratings raised on September 13, 2023, its long-term
foreign and local currency sovereign credit ratings on Jamaica to
'BB-' from 'B+', and affirmed its short-term foreign and local
currency sovereign credit ratings at 'B'.  The stable outlook
reflects S&P's expectation that the government will remain
committed to prudent fiscal policies and reducing debt, as well as
supportive economic policies including a flexible exchange rate
regime and effective monetary policy.  

In March 2022, Fitch Ratings affirmed Jamaica's Long-Term Foreign
Currency Issuer Default Rating (IDR) at 'B+'. The Rating Outlook is
Stable.




=====================
P U E R T O   R I C O
=====================

TRADITION FRANCAISE: Hires Vilarino & Associates as Counsel
-----------------------------------------------------------
Tradition Francaise Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire Vilarino &
Associates, LLC as counsel.

The firm's services include:

     a) advising the Debtor with respect to its duties, powers and
responsibilities in this Chapter 11 case under the laws of the
United States and Puerto Rico in which the Debtor conducts its
operations, does business, or is involved in litigation;

     b) advising the Debtor to determine whether reorganization is
feasible and, if not, helping the Debtor in the orderly
liquidation
of its assets;

     c) assisting the Debtor in negotiations with creditors for
the
purpose of proposing and confirming a viable plan of
reorganization;

     d) preparing legal papers;

     e) appearing before the bankruptcy court, or any court in
which the Debtor asserts a claim interest or defense directly or
indirectly related to this bankruptcy case;

     f) performing such other legal services for the Debtor as may
be required in these proceedings or in connection with the
operation of and involvement with the Debtor's business, including
but not limited to, notarial services;

     g) employing other professional services, if necessary.

The firm will be paid at these rates:

      Javier Vilarino, Esq.    $325 per hour
      Associates               $275 per hour
      Paralegals               $150 per hour

Vilarino & Associates is a "disinterested person" within the
meaning of Section 101(14) of the Bankruptcy Code, according to
court filings.

The firm can be reached through:

      Javier Vilarino, Esq.
      Vilarino & Associates, LLC
      P.O. Box 9022515
      San Juan, PR 00902-2515
      Telephone: (787) 565-9894
      Email: jvilarino@vilarinolaw.com

           About Tradition Francaise Inc.

Tradition Francaise Inc. d/b/a LA Boulangerie filed its voluntary
petition for relief under Chapter 11 of the Bankruptcy Code
(Bankr.
D.P.R. Case No. 24-00841) on March 1, 2024. The petition was
signed
by Fernando Perez as president. At the time of filing, the Debtor
estimated $100,000 to $500,000 in assets and $1 million to $10
million in liabilities.

Javier Vilarino, Esq. at Vilarino & Associates LLC represents the
Debtor as counsel.




=====================================
T R I N I D A D   A N D   T O B A G O
=====================================

TRINIDAD & TOBAGO: Inflation Rate 0.8% for February
---------------------------------------------------
Ryan Hamilton-Davis at Trinidad and Tobago Newsday reports that the
inflation rate, the rating that measures the changes in prices for
all items, for February 2024 over February 2023, was 0.8 per cent,
according to the Central Statistical Office's (CSO) Consumer Price
Index, released on March 18.

The inflation rate represented an increase from 0.3 per cent
recorded in the last consumer price index, for January 2024/January
2023, according to Trinidad and Tobago Newsday.

The inflation rate for the comparative period, February
2023/February 2022, was 7.6 per cent, the report notes.

The all items index for February showed an increase of 0.1 per cent
above the index for January, the CSO added.

The index for food and non-alcoholic beverages went up from 147.4
price points in January to 147.9 in February, reflecting a 0.3 per
cent increase, the report notes.

Increases in the prices of fish, cucumber, cabbage, white flour,
table margarine, grapes, fresh whole chicken, eddoes and melongene
contributed to the increase but reduction in the prices of
tomatoes, Irish potatoes, oranges, soya bean oil, celery, chive,
mixed fresh seasoning, plantains, pumpkin and dasheen offset the
overall increase, the report discloses.

The CSO's latest data on real GDP indicated a three per cent
increase year-on-year during the first quarter of last year, the
report relays.

Trinidad and Tobago showed steady economic recovery over the first
nine months of last year, led by the non-energy sector's continued
growth, the report says.

In the second half of 2023, domestic inflation slowed and labour
market conditions improved steadily as headline inflation went down
from four per cent in July to 0.7 per cent in December, the report
adds.



                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
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