In Trinidad and Tobago, high oil prices and expanding capacity have led to a neardoubling in per capita incomes in the period 2000-2006. In the rest of the region, the recent surge in economic growth has been driven by increasing construction of infrastructural and tourism facilities related to preparations for the 2007 Cricket World Cup.
Liquidity and the international financial markets  In a context of low inflation and globally insufficient aggregate demand, markedly expansionary monetary conditions in the three major areas have driven interest rates down to historically low levels, fostered a faster expansion of credit and supported the recovery of the financial markets.