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For­mer Cen­tral Bank gov­er­nor and for­mer fi­nance min­is­ter Win­ston Dook­er­an has said that the re­cent re­port by S&P Glob­al on de­clin­ing liq­uid­i­ty in T&T’s bank­ing sys­tem proves he was right when he pub­lished a pa­per last year say­ing T&T’s econ­o­my is in a “state of dis­e­qui­lib­ri­um.”

In an in­ter­view with the Busi­ness Guardian, he said his analy­sis was “on track.”

“As I see the new S&P re­port on the liq­uid­i­ty de­cline in the bank­ing sec­tor, I rec­ol­lect my analy­sis of the ‘dis­e­qui­lib­ri­um trap’ in the pa­per. My ar­gu­ment, I am afraid, re­mains right on track.”