
Cuba's economy collapses, prices soar
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Cuba is experiencing a severe economic and energy crisis, with many residents claiming the current situation is worse than the Special Period of the 1990s. Daily life is increasingly challenging as the island grapples with soaring prices and shortages of essential goods. With up to 80% of its food imported, the scarcity of basic necessities is becoming more pronounced.
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📚Bağlam ve Tarihsel Perspektif
Cuba's economy has long been reliant on imports, particularly for food and energy, making it susceptible to external shocks. The ongoing crisis is compounded by a lack of foreign investment and the effects of U.S. sanctions, which have restricted access to resources. The current situation is a culmination of decades of economic mismanagement and external pressures.
This article reflects the views of the author and the source, France 24, and does not necessarily represent the views of the newsroom.
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