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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Cuba estimates economic growth of 4% in the first half of 2015

Wednesday, June 24, 2015 > 09:57:27
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(Cuba Headlines)

The gross domestic product (GDP) of Cuba grew about 4% in the first half of this year, according to Raul Castro’s government estimates released today by official media.

"The economy has good growth. We are able to finish well the year, but we have to keep working hard, "said Marino Murillo, Minister of Economy and Planning, in a meeting of the Council of Ministers held on Friday which information was published today.

In the first half of this year, the trade balance has had a "positive" behavior although there are "tensions in the external finances", according to the Minister of Economy.

All economic activities grew in this period, especially the sugar, manufacturing, construction and trade industries; while major non-compliances occurred in the transport, storage and communications.


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