Trinidad not out of woods yet

Twin-island state cautioned that economic risks are still high.

PORT-OF-SPAIN, Trinidad, Wednesday April 25, 2012 – Trinidad has been warned that it is not totally out of the woods despite recent improvements in the global economy.

The G-24 Inter-Governmental Group has warned that the downside of risks remains high, including possible tensions in the Euro area and volatile oil prices.

According to reports, this assessment has come out of a meeting of the International Monetary Fund Affairs and Development held on April 9.

According to an excerpt entitled: Action to Secure Global Economy, the pace of growth remains subdued and uncertain, with adverse impact on growth in many emerging markets and developing countries.

The statement added that the G-24 Group will focus on job creation and effective and affordable safety nets that protect the poor and vulnerable. Click here to receive free news bulletins via email from Caribbean360. (View sample)