Cuba economy in recession for 2016

Cuba economy in recession for 2016 – Castro

By THE MANILA TIMES

Dec 28, 2016 4:25 pm

HAVANA: Venezuela's economic crisis pushed Cuba into recession in 2016 for the first time in years, President Raul Castro said Tuesday.

Cuba's economy contracted by 0.9 percent, compared to the 4.4 percent growth the government reported a year earlier, Castro told the National Assembly.

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