UNIVERSITY OF THE SOUTHERN CARIBBEAN

MARACAS ROYAL ROAD, MARACAS, ST. JOSEPH.

Annotated Bibliography

An Assignment
Presented in Partial Fulfillment
of the Requirements for the Course
ENGL225-02 ACADEMIC WRITING II

INSTRUCTOR: Ms. Shelley Lyons

By

Samuel Richards, Tier Lynch

10 November 2022

Approval……………….
Sources

• Johnson, A. (Ed.). (2022, October 12). Facing the cost-of-living crisis. Daily Express, p.

4.

• Tack, C. C. (Ed.). (2022, September 5). UWI economist: Cost of living crisis in Trinidad

and Tobago. Trinidad And Tobago Newsday. Retrieved November 10, 2022, from

https://newsday.co.tt/2022/09/05/uwi-economist-cost-of-living-crisis-in-tt/.

• The Inflation Effect. (2022, July 20). The Unit Trust Corporation. Retrieved November

10, 2022, from https://www.ttutc.com/2022/07/the-inflation-effect/

Johnson, A. (Ed.). (2022, October 12). Facing the cost-of-living crisis. Daily Express, p. 4.

For the Trinidad Express publications, Andy Johnson currently writes editorials, columns, and

contributions. The local press has featured Andy on a variety of occasions. The morning edition

of TV6 was formerly hosted by him from 2003 to 2010. In this newspaper article, Andy looked

at the cost-of-living crisis from a regional, international and local perspective. The article

examined the causes and effects on the citizens of Trinidad and Tobago. Mr. Johnson identified

that 80 percent of inflation causes were global. He continued by pointing out that the Bank of

England has connected this to an ongoing chips shortage. On top of an energy crisis, a supply

chain catastrophe in 2021, and the now occurring war in Ukraine as a major impact of inflation,

Covid is reported to have left its consequences. This article was essential to the study and thesis

since it provided concrete details relevant to the inflation crisis and how it impacts low-income

households in Trinidad and Tobago. The editor further emphasized the reality that Trinidadians

essentially just go to work; in other words, they do not get to enjoy the fruits of their labor. Andy

provided a lot of crucial statistical information. This really is the main strategy promoted in the

study, and the study's strength because it offers necessary supporting evidence and regional and

international comparisons.
• Tack, C. C. (Ed.). (2022, September 5). UWI economist: Cost of living crisis in Trinidad

and Tobago. Trinidad And Tobago Newsday. Retrieved November 10, 2022, from

https://newsday.co.tt/2022/09/05/uwi-economist-cost-of-living-crisis-in-tt/.

Dr. Vaalmiki Arjoon, an economist at the University of the West Indies, provided remarks for

the Trinidad Express publications where he ponders on if Trinidad and Tobago's cost of the

living problem has received enough attention. With a cumulative deficit of more than $64 billion

over the previous six years, averaging $10.7 billion per year, Arjoon stated, it is extremely

favorable that the deficit is lowered to a predicted $3.7 billion, the lowest fiscal deficit since

2012. Arjoon also implied that there needed to have a more effective system of tax collecting is

required. He predicted stronger energy income in the upcoming months, largely as a result of the

worsening energy situation in Europe brought on by the Nord Stream gas pipeline's prolonged

closure, which further reduced European gas supplies. The current national level of prices is the

highest in many ages. Our price index at the end of June 2022 was 116.2, up 11% since 2016.

This article was essential to the study and thesis since it provided concrete details relevant to the

inflation crisis and how it impacts low-income households in Trinidad and Tobago.
• The Inflation Effect. (2022, July 20). The Unit Trust Corporation. Retrieved November

10, 2022, from https://www.ttutc.com/2022/07/the-inflation-effect/

Based in Port of Spain, Trinidad, and Tobago, the Trinidad and Tobago Unit Trust Corporation

manages mutual funds. The firm is known to be the top mutual fund provider in the Caribbean

and it was established in 1981 as a result of a parliamentary act. In this webpage article, The

Unit Trust Corporation noted patterns indicating that households have decreased their

investment efficiency in an effort to cope with the growing costs of living. The article examined

that buyer confidence reached even relatively low levels, according to the report, and it appears

that the pace of expenditure will slow down in the latter half of 2022. The author continued by

pointing out that because consumerism is the primary engine of socioeconomic growth in the

US, this will have the impact of slowing down GDP growth. This article was essential to the

study and thesis since it provided concrete details relevant to the inflation crisis and how it

impacts low-income households in Trinidad and Tobago. The author also made it clear that in the

upcoming months, it is anticipated that local prices of food products and other things would

continue to rise owing to inflationary pressures, which is the overall price hike brought on by an

escalation in the cost of imported merchandise or services. From the viewpoint of a financial

corporation, the website piece offered a wealth of important analytical data.