Macro - Country Economic Forecasts - Cuba

Macro - Country Economic Forecasts - Cuba

Cuba's weak performance amid ongoing sanctions, repeated coronavirus waves, protests, and an attempt toward monetary normalization, has been hit by further headwinds. These include energy shortages, unofficial inflation running on triple digits, and a hurricane at the end of September. Consequently, we have lowered our already tepid forecast for this year, which had anticipated a gradual recovery of tourism, by 1.7ppts to 2.8%, and for 2023 by 1.4ppts to 1.6%.

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