Finance Minister Dave Tancoo believes the current state of economy is transitioning from decline into in a state of movement and stabilization.
Speaking exclusively with 103.1FM News this afternoon, he said T&T’s GDP declined by 20% under the previous administration.
Addressing the IMF’s growth forecast of less than 1%, the Minister says while the projection is realistic, it is likely based on data before the current administration took office.
He says the outlook still points in a positive direction, adding that the IMF’s estimate may be conservative, as recovery efforts begin yield results.
Finance Minister Dave Tancoo.
