Cuba

- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1996-1997 , pp 197-203
- Publication Date: December 1997
- DOI: https://doi.org/10.18356/f429d42f-en
- Language: English
Although the island remained in the grip of a serious crisis, clearer signs of a recovery in the Cuban economy were visible in 1996. Improved access to imported inputs and reorganization of the public sector resulted in greater capacity utilization and a smaller fiscal deficit. Expansion of supply on the domestic market alleviated inflationary pressures and led to an appreciation of the peso on the parallel exchange market. However, the limitations of this economic upturn became evident when the trade deficit again doubled. Thus, in 1997, output is expected to grow at a more modest rate of 4% at most.
© United Nations
ISBN (PDF):
9789210582988
Book DOI:
https://doi.org/10.18356/2deb1b29-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Cuba
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