Cuban economy continues to grow
HAVANA, Cuba, Thursday January 3, 2012 - Cuba's economy ended the year with a 3.1 percent growth of its gross domestic product (GDP).
However, this was 3.4 percent lower than planned, Adel Yzquierdo, Minister of Economy and Planning reported during the last session of the Seventh Legislature of the Cuban Parliament.
In his report to the lawmakers gathered at the Havana’s Convention Center, Yzquierdo described as favourable the country’s performance this year, despite not reaching the expected growth.
Regarding the results in key sectors, he mentioned several sectors that did not reach the planned output such as construction, production of nickel and light industry, in the latter, the serious maintenance problems the industry is facing led to the non-fulfilment of plans.
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