The Cuban government aspires for the national economy to grow by 3% in 2023, compared to 2% this year and 1.3% the previous year, with which it would still not be possible to recover the levels of 2019, prior to the coronavirus pandemic. covid-19.
The Minister of Economy and Planning, Alejandro Gil, announced these figures when presenting the 2023 Economic Plan on the first day of the tenth session of the current legislature of the National Assembly of People’s Power.
The Cuban regime, by making these data public, acknowledges, without openly subscribing to it, that the forecast of the Economic Commission for Latin America and the Caribbean (Cepal) that the Island would grow this 2022 only 2% was finally correct compared to the 4% that the Government affirmed.
ECLAC also indicated last October that the forecast for 2023 is even lower and remains at just 1.8%.
Gil indicated that in 2023 they will “continue to make progress in the gradual recovery of the economy”, “hard” work, although he assured that there are “lights”, “alternatives” and “solutions”.
“2023 is going to be better than 2022,” said Gil, who urged work to materialize the forecasts, because “nothing is going to fall out of the sky.” “Without triumphalism, but with optimism,” he added.
“The growth trend experienced during 2021 and 2022 is sustained, although it has not yet been possible to reach the activity levels of 2019”
At constant prices, the gross domestic product (GDP) can reach 53,931 million Cuban pesos (2,248.4 million dollars) in 2023, compared to 52,360 million (2,182.9 million dollars) in 2023. estimated for 2022, the 51,334 million of 2021 (2,140.1 million dollars), the 50,698 million (2,113.6 million dollars) of 2020 and the 56,932 million (2,373.5 million dollars) of 2019.
“The growth trend experienced during 2021 and 2022 is sustained, although it has not yet been possible to reach the activity levels of 2019,” the minister’s presentation read.
Gil appreciated certain “conditions” that favor economic recovery, such as the control of covid-19, the improvement that is expected for the tourism sector and the “results” of the international tour that President Miguel Díaz-Canel recently carried out.
Díaz-Canel visited Algeria, Turkey, Russia and China in November with the restructuring of the public debt and the energy supply as the main items on his agenda.
Cuba is suffering from a serious economic crisis due to the combination of the effects of the pandemic, the tightening of US sanctions and errors in economic policy.
This situation translates into a profound shortage of basic products (food, medicine, fuel), high inflation, partial dollarization of the economy, and frequent and prolonged blackouts.
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