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Cuba starts a gradual economic recovery

Cuba starts a gradual economic recovery

Havana, Feb 11 (Prensa Latina) After stopping the economic decline for three consecutive quarters, Cuba has started a recovery, although with supplies still lower than demands, Deputy Prime Minister Alejandro Gil stated.
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Upon assessing the country’s current situation, Gil said that the economy is in a very tense, exceptional situation and with all the complexities of the tightening of the United States blockade, which we must overcome and find ways to survive and develop.

Despite this, January’s results and the projections for February and March point to the consolidation of a gradual recovery, so that Cuba can maintains an estimated four-percent growth of the Gross Domestic Product in 2022.

Gil appeared on the Mesa Redonda (Round Table) TV program on Thursday, when highlighted that Cuba is making progress in the expansion and improvement of the non-state sector, with the creation of nearly 2,000 micro, small, and medium-size enterprises.

About those organizations, he stated that they must contribute to stimulating the economy and the productive chains and competition.

He referred to the necessary transformation of state-owned companies, which despite the progress in the implementation of the measures set forth for their development, they still do not reach the desired levels.

Gil, who is also the minister of Economy and Planning, referred to the impact of inflation on the economic and social life of Cubans, a phenomenon that can only be solved by increasing the supply of products, and prioritizing and attending to the population and the most vulnerable sectors.

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