HAVANA, Cuba, Dec 16 (acn) Minister of Economy and Planning Marino Murillo confirmed today in Havana that the Cuban economy is expected to grow in 2015 at rates that will break the slowing trend of recent years.
Speaking at the Economic Standing Committee of the National Assembly of People's Power (ANPP), Murillo stressed that the conditions are created for the increase of GDP next year, however, greater effort and commitment of all is needed.
Despite the negative effects of the blockade, external financial constraints and the international situation, the expected rate involves reversing the current low rates, for the sake of true development, since it requires a yearly five to seven percent GDP growth, he said.
Murillo stressed that this year Cuba prepared a more comprehensive plan for 2015, which will be directed, in the main part, to maximize internal efficiency reserves, and concentrate resources on the resuscitation of sectors such as manufacturing.
He stressed that in this area the best results are expected, which will demand increasing imports of raw materials to add value to the productions, thus reducing the tendency to acquire finished products overseas.
Construction, trade, agriculture, livestock and fish farming will be other sectors that foster the increase of the GDP, said the minister.
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