Deceleration threatens Cuban economy

Archivo IPS Cuba

Economy Minister Adel Yzquierdo ratified before the MPs that the GDP would grow in 2013 less than what had been previewed in December and would possibly be less than in 2012, after a lukewarm takeoff in the first half of the year.

The Cuban economy is being threatened by deceleration, judging by statements by Economy Minister Adel Yzquierdo, confirmed in the recent regular session of the National Assembly of People’s Power. «A growth of between 2.5 and 3 percent is expected for the close of the year,» he said before the MPs in an assessment of the internal and external reasons that are holding back the island’s economy.


Enterprises of a new type

Jorge Luis Baños-IPS/jlbimagenes@yahoo.es

A 180-degree change in the empowerment of business management has introduced a new way of defining the social object of economic entities in Cuba.

The economic transformations in Cuba have started to increasingly point to a more intense state-run enterprise. After initial steps more centred on liberalising and expanding the private area of an economy that was almost totally owned by the State, the government’s changes are now moving more toward another sphere, the state-run economy, with a greater weight in the production of goods.


Slight readjustment of the economy to the low

Jorge Luis Baños-IPS/jlbimagenes@yahoo.es

The Cuban GDP grew a tenth less than the 3.3 estimated in December, according to the most recent official report that reiterates the poor response of the agricultural sector.

The Cuban economy grew 3 percent in 2012, according to the most recent estimates of the National Office of Statistics and Information (ONEI) of Cuba. The data implies a reduction of a tenth as compared to the report presented to the MPs in December by Economy and Planning Minister Adel Yzquierdo. The gross domestic product (GDP) had already been below the 3.4 percent planned by the government for 2012.


Enterprises of a new type

Archivo IPS Cuba

A 180-degree change in the empowerment of business management has introduced a new way of defining the social object of economic entities in Cuba.

The economic transformations in Cuba have started to increasingly point to a more intense state-run enterprise. After initial steps more centred on liberalising and expanding the private area of an economy that was almost totally owned by the State, the government’s changes are now moving more toward another sphere, the state-run economy, with a greater weight in the production of goods.


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