Site icon Global Banking Monitor

Cuban Economy Minister Acknowledges No Immediate Solution to Devastating Crisis

Photo by Mubashir Ahmet on Unsplash

Cuba’s economic growth is less than 2% this year and remains 8 percentage points below pre-pandemic levels, while production in sectors such as agriculture, mining and manufacturing was further behind, Economy Minister Alejandro Gil said on Saturday.

Speaking before the country’s parliament, Gil said the primary sector, which includes agriculture, mining and other basic production, was down 34.9% compared with 2019, while manufacturing was off 20%. A third sector that includes services such as tourism, communications and education was down 4.9%.

Read More : Cuban Economy Minister Acknowledges No Immediate Solution to Devastating Crisis

Exit mobile version