Trinidad to reap rewards of rising oil prices: Williams

Ewart Williams, the governor of the Central Bank of Trinidad and Tobago, on 3 August said that domestic real GDP growth could reach 1.5% for the year as a whole.

Williams said gains made in the energy sector, boosted by rising oil prices, had prevented prolonged recession in 2010. "Moving forward, a strong recovery of the non-energy sector will be the key to a faster rate of output growth and employment in 2011," the governor said.

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