News

Cuba reports 3.1% economic growth for 2012

Monday, December 03, 2012 | 1:44 PM    

Print this page Email A Friend!


HAVANA, Cuba (AP) — Cuba says it will finish the year with 3.1 per cent economic growth, lower than expected but higher than in 2011.

Authorities had previously projected growth of 3.4 per cent.

Cuba’s economy expanded 2.7 per cent last year. That also fell short of the three per cent predicted.

Economy Minister Adel Yzquierdo told a meeting of the Council of Ministers that this year’s shortfall is primarily due to missed targets in the construction sector.

He forecast growth of 3.7 per cent for 2013.

Yzquierdo’s comments were reported Monday in the Communist Party newspaper Granma.

ADVERTISEMENT

POST A COMMENT

HOUSE RULES

 

1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper – email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy



comments powered by Disqus
ADVERTISEMENT
ADVERTISEMENT

Poll

Will you close your bank account because of Government's tax on withdrawals?
Yes
No


View Results »


ADVERTISEMENT

Today's Cartoon

Click image to view full size editorial cartoon
ADVERTISEMENT