Cuba reports 3.1 percent economic growth for 2012

Posted on Monday, 12.03.12

Cuba reports 3.1 percent economic growth for 2012
The Associated Press

HAVANA -- Cuba says it will finish the year with 3.1 percent economic
growth, lower than expected but higher than in 2011.

Authorities had previously projected growth of 3.4 percent.

Cuba's economy expanded 2.7 percent last year. That also fell short of
the 3 percent predicted.

Economy Minister Adel Yzquierdo told a meeting of the Council of
Ministers that this year's shortfall is primarily due to missed targets
in the construction sector.

He forecast growth of 3.7 percent for 2013.

Yzquierdo's comments were reported Monday in the Communist Party
newspaper Granma.

http://www.miamiherald.com/2012/12/03/3124658/cuba-reports-31-percent-economic.html#storylink=misearch