Cuba's once-promising economy, fueled by sugar exports and booming tourism, was dramatically destroyed by Fidel Castro's ...

Cuba’s fragile communist system is showing increasing signs of strain as the island grapples with deepening economic hardship ...

Facing worsening economic prospects, the Cuban government will allow joint ventures between state enterprises and local ...

Following the collapse of the Soviet Union in 1991, Cuba's already weak economy went into a steep decline. It later found a friend in Hugo Chavez and the oil rich country of Venezuela.

During a December 2020 parliament session, Cuba's Economy Minister Alejandro Gil announced that Cuba's economy shrank 11% during the pandemic, worsened by the U.S.-imposed trade embargo.

Cuba's economy expected to grow only 1% in 2025 Economy hit by U.S. sanctions, COVID-19, and energy crisis Export earnings fell $900 million, imports 18% below forecast HAVANA, Dec 16 (Reuters ...

Cuba denied the allegations, calling the designation a farce and seeking removal from the list, which carries a prohibition on U.S. economic aid and a ban on U.S. arms exports.