Government pleased with performance of local economy

PORT OF SPAIN, Trinidad, CMC –The Trinidad and Tobago government says it is pleased with the performance of the local economy and welcomed recent ratings by the US based rating agencies regarding the economic outlook for the oil-rich twin island republic.
Finance Minister Larry Howai, wrapping up debate on the Finance Bill on Monday night, Howai said that the government’s economic policies are working in spite of criticism from the opposition.
“The economy stands strong and really stands out as a beacon in a world fraught with much down sized risks where many economies in the world are in recession and where unemployment is at astronomical levels, in some countries as high as 25 per cent …with unemployment among youth in particular at 50 per cent”.