{"id":315259,"date":"2024-12-21T18:44:28","date_gmt":"2024-12-21T23:44:28","guid":{"rendered":"https:\/\/oncubanews.com\/en\/?p=315259"},"modified":"2024-12-21T18:44:28","modified_gmt":"2024-12-21T23:44:28","slug":"economy-2025-where-cuba-sees-growth-eclac-sees-a-decline","status":"publish","type":"post","link":"https:\/\/oncubanews.com\/en\/cuba\/economy\/economy-2025-where-cuba-sees-growth-eclac-sees-a-decline\/","title":{"rendered":"Economy 2025: Where Cuba sees growth, ECLAC sees a decline"},"content":{"rendered":"

The Cuban government projects a 1% growth in the Gross Domestic Product (GDP) for 2025, which is contrary to the criteria of the Economic Commission for Latin America and the Caribbean (ECLAC) that indicates a 0.1% decrease for next year.<\/span><\/p>\n

The increase of one percentage point in the GDP was announced in the National Assembly by Minister of Economy and Planning Joaqu\u00edn Alonso V\u00e1zquez, who argued that the performance is based on the revival of several sectors.\u00a0<\/span><\/p>\n

\u201cThis performance is based on the recovery of tourism and income from the main export products, as well as the revival of productive, agricultural and industrial activities, and social services to the population,\u201d the minister said in a report by the Cubadebate website.<\/span><\/p>\n

Likewise, the official said that the growth forecast for 2025 is also influenced by the stabilization of the National Electric Power System and improvements in the fuel balance.<\/span><\/p>\n

However, all the factors that should refloat the economy next year, according to the projections cited by Alonso V\u00e1zquez, had setbacks during 2024, especially tourism and agriculture.<\/span><\/p>\n

For 2023, a growth of between 2% and 3% was forecast, but GDP ended up falling 1.9%, while the government has already ruled out that the economy will grow this 2024, when the initial official estimate was a 2% increase.<\/span><\/p>\n

In its report <\/span>Preliminary Overview of the Economies of Latin America and the Caribbean 2024<\/span><\/i>, presented on Wednesday in Santiago de Chile, the UN agency estimated that Latin America will grow 2.4% in 2025, while Cuba will register a 0.1% decline in its GDP.<\/span><\/p>\n

On the other hand, the three regional economies that will have a recessionary behavior this year are Cuba, with -1%, along with Argentina (-3.2%) and Haiti (-4%).<\/span><\/p>\n

Luego de dos a\u00f1os recesivos, Cuba proyecta un crecimiento de 1 % del PIB para 2025<\/a><\/p><\/blockquote>\n