Unpacking Cuba’s 2023 Economic Struggles: A Clear Perspective

In 2023, Cuba’s economy shrank by 1.9% due to global disturbances, mismanagement, and intense sanctions, including a harsh U.S. embargo. Yet, tourism and hospitality surged, contributing a 13% rise in GDP. Education, health, and communications also advanced, contrasting sharply with the struggling food production sector. Following a steep 10.9% GDP drop in 2020 due to […]