Tag: downturn

• Tuesday, November 6th 2018 - 08:58 UTC

  Cuban economy again on the downturn; austerity measures to continue into 2019

  

  Communist-run Cuba’s economic growth will come in at around 1% this year, compared with the 2% previously forecast, due to a fall in exports and tourism revenue, state-run media reported over the weekend. The Caribbean island’s gross domestic product grew 1.8% last year and 0.5% in 2016.