News Karnataka
World

Cuban economy starts gradual recovery: President - 1 min read

Havana: The Cuban economy has entered a gradual recovery process amid the resumption of economic activities in the Caribbean nation two years into the Covid-19 pandemic and the tightening of the US-led economic embargo, President Miguel Diaz-Canel said.

“Amid the complex situation we are going through, the gradual recovery of the Cuban peso as the centre of the financial system continues to be the paramount priority,” he said when addressing the Cuban legislators at Havana’s Convention Centre.

Diaz-Canel added that the Cuban government stays focused on the fight against inflation, the stability of the national grid, and assistance to vulnerable people and families.

Deputy Prime Minister Alejandro Gil said that the Cuban economy had contracted by 13 per cent during the Covid-19 crisis.

During the first quarter of 2022, “exports of goods have amounted to $590 million, up by $162 million compared to the same period last year”, he said.

The Cuban government has projected a 4 per cent economic growth for 2022, according to official statistics.

See also  Global Covid-19 caseload tops 188.2 mn
MANY DROPS MAKE AN OCEAN
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Leave a Reply

Your email address will not be published.

Subscribe to our Podcast across platforms
AnchorAmazon MusicSpotifyGoogle PodcastsRadio PublicRSS

Visit 7Jackpots and find the best online casinos in India! Play the most popular casino games for real money!

Find the best odds at 10Cric and ipl betting 2021! Signup today and get up to a 100% deposit bonus.

Subscribe Newsletter

Get latest news karnataka updates on your email.

To get the latest news on WhatsApp