INSUBCONTINENT EXCLUSIVE:
mixed reactions, ranging from skepticism to mockery
Despite the dramatic announcement, it failed to create significant fear.Cubans have struggled economically since the 1990s, following the
The core issue lies in a flawed economic model and poor crisis management.This declaration also points to both the economic crisis and the
(Photo Internet reproduction)The government might limit private enterprise and impose price controls, reducing the supply of goods and
worsening the purchasing power of wages.First Deputy Minister of Economy and Planning, Mildrey Granadillo de la Torre, announced measures
including budget cuts, price controls, and centralized economic decisions.These could negatively impact small and medium-sized enterprises
The private sector, which includes SMEs legalized in 2021, faces new restrictions that might hamper their operations.Price caps on essential
goods may bring temporary relief but could hurt private businesses, leading to increased scarcity and informal markets.The administrative
control of prices is seen as counterproductive and a sign of failure in inflation management.Economic growth is necessary to stabilize the
the 1990s, Cuba now faces greater challenges due to prolonged economic stagnation, increased inequality, and a deteriorating social safety
net.Emigration rates are higher, and the population is aging rapidly, all contributing to a bleak outlook.Despite various measures, no
comprehensive solution has emerged
Removing barriers to manufacturing and agricultural production is crucial for overcoming chronic shortages.Radical reform of state
difficult economic measures and increased state control.However, experts question the effectiveness of these measures and call for
structural reforms to address deeper issues.
