07-01-2020 Latin American Weekly Report
Cuba finally bites the bullet and eliminates dual-currency system
In July the Economic Commission for Latin America and the Caribbean (ECLAC) published its latest regional economic assessment. With countries behaving quite heterogeneously, it calculates that regional GDP will contract by 0.8% year-on-year in 2016, steeper than the 0.5% fall registered in 2015. Once again, the commission recommends that governments need to do more to promote both public and private sector investment to aid the recovery.
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