• Cuba says GDP recovers, up about 1 percent so far in 2017

    From Cubaverdad@21:1/5 to All on Sat Jul 15 15:14:40 2017
    Cuba says GDP recovers, up about 1 percent so far in 2017
    HAVANA — Jul 14, 2017, 5:59 PM ET

    The Cuban government said Friday that the economy is growing again
    following a decline last year that was the first drop reported in two

    Economy Minister Ricardo Cabrisas said at the opening session of the
    National Assembly that Cuba's GDP grew just over 1 percent in the first
    six months of 2017 and is on track to hit an estimated 2 percent for the
    full year.

    The rebound came despite the economic crisis in Venezuela, which
    provides oil and other support to the island. The government said Cuba's economy shrank last year by 1 percent amid falling help from Venezuela,
    which is struggling with triple-digit inflation and widespread shortages
    of food and other basic goods. The decrease was the first reported by
    Cuba in years.

    Cuban media quoted Cabrisas as telling the assembly that instability in
    the supply of Venezuelan oil weighs on the country's economy but
    tourism, construction, transportation and communications are all growing.

    Foreign media were not allowed to attend the session, which was presided
    over by President Raul Castro.

    Some growth in tourism is due to the normalization of relations with the
    U.S. that was started by President Barack Obama and is now threatened
    under President Donald Trump.

    Source: Cuba says GDP recovers, up about 1 percent so far in 2017 - ABC
    News - http://abcnews.go.com/International/wireStory/cuba-gdp-recovers-percent-2017-48647002

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)