Central Bank says local economy grew by nearly two per cent during first quarter of 2013

PORT OF SPAIN, Trinidad, CMC – The Trinidad and Tobago economy grew by nearly two per cent in the first three months of the year and Central bank Governor Jwala Rambarran urged local investors to get more involved in the economic future of the oil rich twin island republic. “I commend these business leaders for their vote of confidence in the country’s economic prospects, but it is not enough. We need the entire business community to stop watching and commenting on the game from the sidelines,” he told a seminar on Competitiveness and Sustainable Development, hosted by the Trinidad and Tobago American Chamber of Commerce (AmCham T&T). Rambarran said that preliminary indications show a 1.7 per cent growth in the economy for the first quarter of 2013, but the number of unemployed people had also increased significantly during the first five months of 2013.