Squeezed by sanctions, pandemic, Cuba finally opens up economy

Havana (AFP) – Cuba is undergoing a paradigm shift: after decades of tight, centralized control, the communist government is opening up the bulk of its economy to the private sector. While economic decline and spiralling unemployment are the main drivers, analysts say the liberalization measures can also be seen as an overture to a new US president. “It is definitely a strong signal at a crucial moment when the US administration has said it is revising the policies of (Donald) Trump towards Cuba,” said Ricardo Torres, an economist at the University of Habana. Six decades of US sanctions, tough…

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