Cuba adjusts 2014 GDP forecast downward by 0.8 to 1.4 percent
June 25, 2014, 12:01 am TWN
HAVANA, Cuba -- Cuba has revised its 2014 economic growth forecast downward to 1.4 percent, Communist Party newspaper Granma said Monday, nearly a point off previous projections of 2.2 percent.
Economy Minister Adel Yzquierdo attributed the downgrade to lagging foreign income, adverse climatic conditions and “internal insufficiencies that our economy continues to confront,” Granma said.
The downgrade came in a midyear report by the Council of Ministers.