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Sticker-shocked Cubans prepare for 'inflation bomb'

Sticker-shocked Cubans prepare for 'inflation bomb'
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

Ciudad De La Habana , Marc Frank , Manuel Marrero , Omar Everleny , Rosalba Obrien , Luis Moreno , Pavel Vidal , Oscar Fernandez , Havana University , Prime Minister Manuel , Rosalbao Brien ,

Sticker-shocked Cubans prepare for 'inflation bomb'

Cubans are preparing for a new wave of inflation after the government last week rolled out details of an austerity plan that economists say will touch nearly every facet of the communist-run island's already flailing economy. The measures - which include price and tax increases and cuts in subsidies - will slow a soaring budget deficit forecast to exceed 18% of gross domestic product and set the stage for growth, according to Prime Minister Manuel Marrero. "In economics, such prices are not increased in one area without affecting others," Cuban economist Omar Everleny said in an interview in Havana. ....

Ciudad De La Habana , Omar Everleny , Marc Frank , Rosalba Obrien , Manuel Marrero , Luis Moreno , Oscar Fernandez , Pavel Vidal , Havana University , Prime Minister Manuel , Rosalbao Brien ,

Man In A Hurry, The Dazzling Rise Of Emmanuel Macron

Man In A Hurry, The Dazzling Rise Of Emmanuel Macron
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Resisting reforms, Cuba announces price hikes and new restrictions on the private sector

The plan intends to limit the growth of the private sector while trying to use their access to financing for the benefit of state enterprises. ....

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Ministers in Cuba explain economic measures to the public

Ministers in Cuba explain economic measures to the public
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Vladimir Regueiro , Manuel Marrero , Alejandro Gil , Ministries Of Public Health , Deputy Prime Minister , Public Health , Prime Minister Manuel , Prices Vladimir Regueiro ,