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Cuba says Economy Shrank This Year in Tandem with Venezuela Crisis

Cuba's economy shrank 0.9 percent this year in tandem with the crisis in key trading partner Venezuela, President Raul Castro told the National Assembly on Tuesday in a closed-door speech, predicting a slightly brighter outlook for 2017. The figure suggests sharp economic contraction in the second half after the cash-strapped government slashed imports, investment and fuel in response to lower exports and a drop in cheap oil deliveries from Venezuela. It had reported 1 percent growth...

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