Regional
Economic Crisis Grips Cuba
CUBA – Cuba is re-forecasting its economic growth down to 3 percent for 2023, while reporting only 2 percent growth in 2022.
CUBA – Cuba is re-forecasting its economic growth down to 3 percent for 2023, while reporting only 2 percent growth in 2022.
That’s half of what was previously predicted.
This year has proven tough for most Cubans, who had already suffered as a result of two years of pandemic lockdowns, raging inflation, and food, medicine, and other shortages.
Daily blackouts have disrupted lives and the economy, while fuel and parts shortages have gutted public transportation.
A record number of Cubans have left the island this year, with about 250 thousand entering the United States.
U.S. government statistics show the majority crossing over the Mexican border after flying to countries like Nicaragua.
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