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Cuba s economic crisis is worse than after fall of the Soviet Union, economists warn

Cuba, which for decades was one of the largest exporters of sugar in the world, now has to import sugar to meet its domestic demand. Six decades after the Cuban Revolution, the country is again undergoing a severe economic crisis, this time worse than the infamous “Special Period” in the 1990s.

Economists in Miami discuss crisis, private sector growth in Cuba

Economists in Miami discuss crisis, private sector growth in Cuba
miamiherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miamiherald.com Daily Mail and Mail on Sunday newspapers.

Cuba s economic crisis is worse than after fall of the Soviet Union, economists warn

Economists Predict a Poor Recovery for Tourism in Cuba, and Criticize the Construction of Hotels

“It is very difficult to explain that hotels continue to be built when occupancy is lo low.” “It makes no sense to continue investing so much in tourism and so little in agriculture,” they stated.

Cuban official: Island open to Cuban Americans investing, strengthening ties with Cuba

Cuban official: Island open to Cuban Americans investing, strengthening ties with Cuba Bianca Padró Ocasio, Miami Herald © YAMIL LAGE/AFP/AFP/TNS People wearing face masks as a precautionary measure against the spread of the novel coronavirus, COVID-19, queue to buy food in Havana, Cuba on March 22, 2021. Cuba s Ministry of Foreign Trade and Foreign Investment is opening the door to Cuban Americans who want to participate in foreign investment projects as the island tries to jump-start its beleaguered economy and encourage Washington to loosen sanctions. Katia Alonso, the ministry s director of foreign capital investments, told the Miami Herald by email in response to a list of questions that Cuba won t reject potential business bids from Cuban Americans based on the sole fact that they live in the U.S. something she said the law has never prohibited, though in the past exile entrepreneurs haven t always been welcomed either.

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