T&T in recession

T&T in recession

In the height of the Christmas season as shoppers get ready to spend has come grim news from Central Bank Governor Jwala Rambarran that this country is officially in a recession.

The last time this country faced a recession was in 2009.

“Four consecutive quarters of decline in real GDP (gross domestic product) in 2015 means that Trinidad and Tobago is now officially in a recession,” Rambarran announced yesterday.

Addressing members of the business community at the bank’s Monetary Policy Forum, held in conjunction with the Downtown Owners and Merchants Association (DOMA), at the Hyatt Regency Hotel in Port of Spain, Rambarran noted that the recession should not come as a major surprise.

Source: http://www.trinidadexpress.com/20151204/news/band-your-belly

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