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Source: https://oncubanews.com/en/cuba/cuban-economy-will-fall-8-due-to-pandemic-according-to-eclac/
Cuban economy will fall 8% due to pandemic, according to ECLAC
In a report from last April, the decline forecast for the island was 3.7%, but more than two months later the forecast for the fall has doubled, despite the fact that Cuba has managed to contain the disease and has already started de-escalation in search of economic recovery.
OnCuba Staff by OnCuba Staff
July 16, 2020
The Cuban economy will fall 8% in 2020 due to the impact of the coronavirus pandemic, according to the Economic Commission for Latin America and the Caribbean (ECLAC).
In a report that updates the figures expected for the region this year as a consequence of COVID-19, ECLAC placed Cuba in the group of countries most affected, along with Venezuela (-6%), Peru (-13%), Argentina (-10.5%), Brazil (-9.2%), Mexico (-9%), Ecuador (-9%), El Salvador (-8.6%), Nicaragua (-8.3%) and Chile (-7.9%).
The decline forecast for the island by ECLAC last April was 3.7%, but more than two months later the forecast for the fall has doubled, despite the fact that Cuba has managed to contain the disease and has already started de-escalation in search of economic recovery...
Cuban economy will fall 8% due to pandemic, according to ECLAC
In a report from last April, the decline forecast for the island was 3.7%, but more than two months later the forecast for the fall has doubled, despite the fact that Cuba has managed to contain the disease and has already started de-escalation in search of economic recovery.
OnCuba Staff by OnCuba Staff
July 16, 2020
The Cuban economy will fall 8% in 2020 due to the impact of the coronavirus pandemic, according to the Economic Commission for Latin America and the Caribbean (ECLAC).
In a report that updates the figures expected for the region this year as a consequence of COVID-19, ECLAC placed Cuba in the group of countries most affected, along with Venezuela (-6%), Peru (-13%), Argentina (-10.5%), Brazil (-9.2%), Mexico (-9%), Ecuador (-9%), El Salvador (-8.6%), Nicaragua (-8.3%) and Chile (-7.9%).
The decline forecast for the island by ECLAC last April was 3.7%, but more than two months later the forecast for the fall has doubled, despite the fact that Cuba has managed to contain the disease and has already started de-escalation in search of economic recovery...