After a very strong year for Cuba’s economy in 2015, the country’s GDP growth is projected to slow this year. The United Nations Economic Commission for Latin America and the Caribbean has forecasted GDP growth of 2 percent for the island this year, following an increase of 4 percent in 2015. The 2016 number is … Read more
Cuba’s economic growth quickened significantly in 2015, according to the latest estimates from the United Nations Economic Commission for Latin America and the Caribbean. The island’s gross domestic product grew by 4 percent in 2015, after expanding by just 1.3 percent in 2014, according to the ECLAC data. That also represented Cuba’s highest year-over-year GDP … Read more
By the Cuba Journal staff It may be from a rapid influx of new visitors or the country’s recent lightening of foreign investment restrictions — but Cuba’s economy is booming. The country posted a 4.7 percent growth in GDP in the first half of 2015, the government said this week, which would make it one of the … Read more
