The Cuban economy remained barely in the black this year given punishing new U.S...
HAVANA - The Cuban economy remained barely in the black this year given punishing new U.S. sanctions, the country’s economy minister said on Friday, forecasting 1% growth in 2020.
“Amid the limitations and thanks to the efforts of the people, it is estimated that the Cuban economy did not decrease in 2019,” Alejandro Gil told a session of the Cuban National Assembly broadcast on state-run television. Travel to the island has been further restricted and U.S. citizens are now allowed to sue foreign companies deemed to be trafficking in Cuban properties nationalized after Fidel Castro’s 1959 revolution, damaging investor appetite.
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