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Cuba revises up economic growth for 2018

Source: Xinhua| 2019-07-14 11:21:58|Editor: Yurou
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HAVANA, July 13 (Xinhua) -- Cuba on Saturday revised up its economic growth for 2018.

"In 2018, the GDP growth was 2.2 percent at current prices, higher than the 1.2 percent estimated last December," Economy Minister Alejandro Gil told a session of the National Assembly of People's Power.

The minister said the new growth figure was obtained after balancing the results in the entire fiscal year.

According to Gil, a higher-than-expected growth in various sectors leads to the revision of the GDP growth for 2018.

The construction sector, for instance, recorded a 9.3 percent increase, compared to an expected 2.2 percent fall.

The public health sector saw a higher increase of 3 percent than the initially projected 1.3 percent, while the agriculture sector reported a 2.6 percent expansion, instead of an initially projected drop of 4.9 percent.

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