Core Insights - The economic situation in Cuba has been particularly complex since 2019, characterized by high inflation, severe shortages of essential goods and services, and a significant decline in the standard of living for the population [1] Economic Performance - From 2019 to 2023, the Cuban economy has faced comprehensive shocks, with real GDP declining by approximately 11% [1] - Agricultural production, which is fundamental to the economy, plummeted by 46%, while manufacturing output shrank by 36% [1] Monetary Issues - The Central Bank of Cuba issued around 250 billion pesos, leading to a staggering 366% increase in the money supply [1] - This monetary expansion, combined with a sharp contraction in goods supply, has triggered hyperinflation [1] Price and Wage Dynamics - The average household consumption price index skyrocketed by over 12 times during this period [1] - The purchasing power of the average wage has drastically decreased, with a reduction of 56% in real terms and a decline of up to 44% in purchasing power [1]
古巴专家称古经济陷入深度危机
Shang Wu Bu Wang Zhan·2025-10-15 17:10