Is Governor Rambarran being too optimistic?
PORT OF SPAIN, Trinidad - Once again Central Bank Governor Jwala Rambarran is predicting a level of growth in the economy which seems unrealistic. On the release of the April 2013 monetary report on Tuesday, the Governor projected a 2.5 per cent growth in gross domestic product for 2013.
This comes after his projection last year that the economy would grow by one per cent failed to materialise; 0.2 per cent was the figure for 2012.
Renewed predictions of significant levels of economic growth come against the background of the continuing factors which militated against the governor’s projections of last year, that is, that the major natural-gas producers, bpTT and BG T&T, have not given any indication that the maintenance (as opposed to exploration and production) activities they have been focusing on are likely to end any time soon.
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