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Weekly Report - 07 July 2016 (WR-16-26)

CUBA: Murillo orders austerity measures

According to state media, Cuba’s economy and planning minister, Marino Murillo, told a meeting of the national assembly’s economic commission in early July that the country’s revenues had been hit by “a complex scenario” in the first half of the year, with still-low global commodity prices buffeting Cuba’s main exports of nickel, sugar and refined oil products.

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