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Cuba says economy shrank 11% in 2020, thwarts soft coup attempts Reuters 18/12/2020
By Sarah Marsh
HAVANA, Dec 17 (Reuters) - Cuba s already cash-strapped economy shrank 11% in 2020 due to the pandemic and tougher U.S. sanctions but the government thwarted attempts by anti-communists to exploit this momentary weakness in a bid to topple it, President Miguel Diaz-Canel said on Thursday.
Addressing a year-end session of the Communist-run country’s parliament, Diaz-Canel celebrated Cuba s successful management of its coronavirus outbreak despite exceptional economic conditions and predicted 6% to 7% economic growth next year.
Yet the government s estimate for this year s contraction was even more dire than that of the United Nations Economic Commission for Latin America and the Caribbean, which this week predicted an 8.5% contraction for Cuba compared to a 7.7% regional decline.
UPDATE 1-Cuba says economy shrank 11% in 2020, thwarts soft coup attempts
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Cuban economy shrank 11% in 2020, government says
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.