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NotiCen PDF file 1998 right arrow Nov

Cuba Expects Another Year of Low Sugar Production; Austerity Ahead

ISSN:1089-1560
LADB Article ID: 54509
Category/Department: Cuba
Date: 1998-11-19
By: LADB Staff

In early November, Vice President Carlos Lage said the Cuban economy would not meet its 1998 goals and warned that strong measures would be taken against inefficiency and mismanagement of scarce resources. As late as July, Cuban officials were predicting 3.5% growth in GDP for 1998. That would have meant a modest one-percentage-point improvement over last year's 2.5% increase.

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