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NotiCen PDF file 1997 right arrow Sep

Lower Growth than Expected, Liquidity Problems Trouble Cuban Economy

ISSN:1089-1560
LADB Article ID: 55071
Category/Department: Cuba
Date: 1997-09-18
By: LADB Staff

In August, Cuba's Economy Minister, Jose Luis Rodriguez, predicted only "modest" economic growth for 1997 as contrasted with the 7.8% increase in GDP registered in 1996. Though the government has published no precise figures, the labor-union newspaper Trabajadores estimated that GDP grew only 2% during the first half of the year, indicating that total growth for 1997 will be far less than the 8% to 9% that was predicted in March and later revised to 4% to 5%.

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