Trinidad and Tobago governor predicts GDP contraction of up to 2.5%
For Trinidad and Tobago to recover, fiscal, monetary and structural reform must be co-ordinated, governor says
The latest growth estimates from the Central Bank of Trinidad and Tobago predict the country will experience a GDP contraction of up to 2.5% in 2016, the governor said on May 27.
In an announcement alongside its monetary policy statement, Alvin Hilaire described a gloomy outlook for the Caribbean nation, forseeing a decline in major export prices.
"It is within this context of uncertainty that macroeconomic policies must be developed and co-ordinated," Hilaire said, suggesting monetary policy
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