2  BIS central bankers’ speeches  The medium term economic outlook for Trinidad and Tobago may be slightly better but several uncertainties and challenges lie ahead. It is to these uncertainties and challenges that I now turn.
In a speech I made to a Conference you hosted two years ago, I made the point that “while oil and gas have brought us to where we are, we are not sure how much further it would carry us”. If that was so in 2010, it is much more so now in 2012.