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Economists: Removing tax concessions on cars will have little effect on forex Thursday 31 December 2020 The Central Bank’s Economic Indicator report said between January and October this year, 7,256 new vehicles were sold. Of those, 4,793 were for private use. - ROGER JACOB Covid19, the disease that dominated every aspect of life for 2020, did more than claim more than a million lives and counting, it shut down the world. Because of the measures needed to stop its ceaseless spread oil and gas prices plummeted, industries shut down, and companies, if only to survive, furloughed thousands of employees worldwide. The outlook wasn’t much different for Trinidad and Tobago. While the country was managing the virus from a public health perspective, it wreaked havoc on the economy. So it was no surprise that when Finance Minister Colm Imbert presented the 2020/2021 budget on October 5, it would have a focus on recovery from the damage that 2020 and covid19 had done. ....