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LatinNews Regional Monitor: Caribbean & Central America - 15 July 2019

In brief: Cuba

* Cuba’s government led by President Miguel Díaz-Canel has revised up GDP growth for 2018 to 2.2% from 1.2% as initially reported. Whilst the first half of 2018 failed to attain expected income rates from exports, the growth of GDP was triggered by unplanned increases in the sectors of construction, health, and agriculture. Díaz-Canel said upon closing the mid-year session of the National Assembly meeting in Havana that he hopes for slight growth this year, due to the fact that Cuba has “the potential to resist and continue advancing in our development”, referring to recently announced emergency measures that are being put in place this month aimed at stimulating domestic production.

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