Cuba’s triple troubles: pandemic, blockade and economic crisis
Buffeted for six decades by the US economic blockade and recently having had to cope with restrictions due to Covid- 19, the economy is deteriorating. Government leaders recently outlined remedial steps for the 'new normal' in Cuban socialism, reports W T WHITNEY JNR
The welcome news that Cuba has finally been removed from the State Sponsors of Terrorism list is tempered by the fact that Donald Trump, the man who put it there, is returning to the White House, warns NATASHA HICKMAN
Thanks to impressive progress in Britain with wind and solar generation, clean electricity now costs a fraction of the price of gas — yet the current system keeps bills artificially high to protect fossil fuels, writes TOM HARDY
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Many Western countries are grappling with deep political instability. What are the causes of this, and what could be a possible way forward? asks MARC VANDEPITTE
KEITH BENNETT explains why, despite its present meagre economic outcomes, an honest and fruitful partnership with China is worth pursuing
Nick Wright talks to photographer and author JANINA STRUK
THE UN’s Economic Commission for Latin America and the Caribbean (CEPAL) reported in October that the region “is experiencing its worst economic crisis in a century” and that Cuba’s GDP this year will be down at least 8 per cent.
Tourist income, remittances, foreign trade and tax collections have fallen. Oil and gasoline shortages, the result of US sanctions against Cuba and Venezuela, have stressed the economy.
Public spending on health care, unemployment compensation and pensions are up; 150,000 state workers and 250,000 private-sector workers have been idled. Effects of the US economic blockade compound matters, with restrictions affecting the tourist industry, foreign imports and access to foreign currency and loans.
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