CUBANET ... CUBANEWS

December 23, 2002



Cuba News / Yahoo!

Yahoo! December 22, 2002

Cuba's economic growth slows to 1.1 percent in 2002

By Anita Snow, Associated Press Writer . Sat Dec 21, 3:29 PM ET

HAVANA - Cuba said Saturday that the island was able to squeeze out economic growth of 1.1 percent this year despite a pair of damaging hurricanes and a dramatic plunge in tourism.

Economics Minister Jose Luis Rodriguez told the National Assembly, Cuba's parliament, that growth was expected to keep creeping along in 2003, ultimately reaching about 1.5 percent. Growth in 2001 was estimated at 2.5.

Rodriguez noted in his major economics report of the year that despite the slowing, Cuba was in better shape than most Latin American nations, whose combined economies shrank by 0.5 percent.

And he said that government spending was increased this year for social services such as free health care, education and heavily subsidized food rations, which most Cubans consider their birthright.

"The application of neoliberal policies have brought developing nations to the point of desperation," Rodriguez said, comparing Cuba's centralized socialist system with free market regimes in other poor countries.

The United Nations Economic Commission for Latin America and the Caribbean earlier in the week projected similar growth — 1.4 percent — for the Cuban economy.

The U.N. agency blamed the economic sluggishness on two hurricanes that caused agricultural damage to western Cuba within weeks of each other in the fall, the nation's tourism losses and drops in key exports such as sugar and citrus.

Rodriguez said that tourism, Cuba's No. 1 source of foreign currency, was down about 5 percent for 2002.

Bringing in about $1.8 billion annually, tourism now plays a key economic role as the communist government strives to diversify its income sources after a severe financial crisis brought on by the collapse of the former Soviet Union more than a decade ago.

Tourism throughout the Caribbean plunged in late 2001 and early 2002 because of fears of about air travel following the Sept. 11, 2001 terrorism attacks.

Preparing for the weekend National Assembly session, Cuban Labor Minister Alfredo Morales announced earlier in the week that the nation's unemployment rate fell to 3.5 percent during 2002, down from 4.1 percent in 2001.

The local Prensa Latina news agency cited Morales as telling a parliamentary commission that Cuba was the only country in the region which such a low rate.

Latin America's collective unemployment rate for this year has been estimated at 9.3 percent.

With more than 11 million people, Cuba has a labor force of nearly 5 million workers.

Castro's Leg Injury Keeps Him From Duties

HAVANA, 21 (AP) - Saying his doctors ordered him to rest after a leg injury, Fidel Castro excused himself for the first time in 25 years from a session of Cuba's parliament — but not without complaint.

"Owing to a small accidental injury in the left leg with inflammation and other theoretical risks, the medical tyranny has imposed upon me the terrible punishment of three or four days rest," the Cuban president wrote in a letter read at Saturday morning's session by National Assembly President Ricardo Alarcon.

"I don't have any other alternative but to obey," wrote Castro, 76, who has led Cuba for almost 44 years. "I must take care of my left leg because with it I have made the best steps of my life," he added.

Castro's stamina is legendary, with frequent all-night sessions for meetings or study, though he has slowed somewhat in recent years. His health is a constant source of speculation by Cuba watchers on both sides of the Florida Straits, and rumors persist of ailments including prostate cancer , heart troubles, Parkinson's disease and stroke.

[ BACK TO THE NEWS ]

Cuban independent press mailing list

La Tienda - Books, posters, t-shirts, caps

In Association with Amazon.com

Search:


SEARCH NEWS

Advance Search


SECCIONES

NOTICIAS
Prensa Independiente
Prensa Internacional
Prensa Gubernamental

OTHER LANGUAGES
Spanish
German
French

INDEPENDIENTES
Cooperativas Agrícolas
Movimiento Sindical
Bibliotecas
MCL

DEL LECTOR
Letters
Debate
Opinion

BUSQUEDAS
News Archive
News Search
Documents
Links

CULTURA
Painters
Photos of Cuba

CUBANET
Semanario
About Us
Annual report
E-Mail


CubaNet News, Inc.
145 Madeira Ave,
Suite 207
Coral Gables, FL 33134
(305) 774-1887