Wednesday, November 12, 2008

A tough slog ahead: Nearly $10 billion in hurricane damage

Three recent storms - Ike, Gustav and Paloma - have caused nearly $10 billion in damage in Cuba, President Raul Castro said on state-run television yesterday.
"We're almost getting to $10 billion in losses in the last three months, that's how the economy is," Reuters quoted Castro as saying.
For countries with $1 trillion GDPs, a $10 billion hit is a little less catastrophic. But Cuba's GDP is just $45 billion, according to the CIA's World Factbook, so a $10 billion hit is devastating.

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