Minister Dookeran made this statement yesterday as he piloted the Supplementation of Appropriation Bill in the House of Representatives, Tower D, Waterfront Centre.
He was responding to statements by Central Bank Governor Ewart Williams that the local economy is in a slump.
Even though government last week confirmed that the country has seen negative growth for the past 3 years, Minister Dookeran yesterday said based on the information which the Finance Ministry has there is no such slump.
The Finance Minister blamed what he termed the “sensational press” for “taking out of context” the Central Bank Governor’s statements and “placing strong headlines about recession and slump”.
Dookeran said what Trinidad and Tobago is facing was not unlike to what the entire global economy is facing.