Cuba reports 3.1% economic growth for 2012

Monday, December 03, 2012

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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.




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