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T&T Chops GDP Outlook

Nov 20, 2008

The central bank of Trinidad & Tobago slashed its real 2008 GDP growth forecast to 3.5% from 5.6%. It also lowered expectations for 2009 to 2.0% from 5.0%, mainly...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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