Cuba used its unique brand of state accounting Sunday to claim 1.4 percent economic growth for the year, avoiding an official recession but failing to meet original forecasts...
When calculating growth, Cuba's government includes what it spends on free health care and education through college, as well as subsidies for housing, transportation and food rations. Critics say that exaggerates the economy's output.
The economy was hit hard by the recession this year, with productivity declining 1.1 percent, exports falling 22 percent, and officials slashing foreign imports 37 percent.
I'm pretty sure that if it's an import, it came from a foreign country. If Business Week were to discover a domestic import, that news would rock the financial world. But they won't, I'm certain, so they should just say "import" and be done. We'll all know what they mean.
Details: http://www.businessweek.com/
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