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Cuban Economy Reports Moderate Growth in 2017 |
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Monday, January 1, 2018
Havana.- Cuba's economy is expected to grow 1.6 percent of the Gross Domestic Product (GDP) in 2017, especially in the tourism and construction sectors.
Authorities mentioned the negative influence of factors like non-compliance with exports of goods and services, shortage of fuels and damages caused by drought and Hurricane Irma.
The main agricultural items reported favorable results, including tobacco, vegetables, beans, tubers, beef and pork.
The investment plan is expected to conclude at 90.8 percent this year, due to delays in imports of inputs and resources, and non-compliance with the schedules.
Despite tensions, the sustainability of basic services to people and the main levels of planned activities were guaranteed.
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