Cuba: an economy exhausted by the pandemic, sanctions and an ineffective model

The pandemic has brought to the surface economic problems rooted since the "special period" of the 1990s when the country was left without its main economic benefactor: the Soviet Union.

RIO DE JANEIRO, BRAZIL - The deteriorated Cuban economy has deepened its depression due to the effects of covid-19 in the tourist sector, one of the major sources of income of a country highly dependent on that foreign currency inflow and which continues to suffer from the increase of US sanctions and the delay in its reforms.

The accumulated wear and tear of years trying to keep the precarious family economy afloat, a reflection of the economy that plummeted 11% in 2020, was one of the catalysts of last Sunday's anti-government protests in Cuba, the largest in 27 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?