Cuba Economy 2024. Three years later, cuba’s economy has contracted by 2% despite the government’s 3% growth projections. Cuba’s crisis is an opportunity for its neighbors cubans are hungry, tourism is suffering, the power is out and young people are fleeing:
Since 2020, cubans have suffered falling wages, deteriorating public services,. Cuba’s economy contracted in 2023, and eiu expects a modest economic recovery in 2024 on the back of disinflation and an uptick in tourism and remittances.