"Cubans Prepare for Economic Strain as Prices Soar"

1 min read
Source: NBC News
"Cubans Prepare for Economic Strain as Prices Soar"
Photo: NBC News
TL;DR Summary

Cubans are bracing for upcoming price hikes and austerity measures as the government plans to raise gas prices, cut subsidies, and increase taxes on the private sector in an attempt to curb the country's deficit and lower inflation. The measures have caused anxiety and concern among the population, with worries about the impact on food prices and purchasing power. The government has delayed the gas price hike due to a cybersecurity incident and has increased salaries for those in the health and education sectors, but economists and residents remain skeptical about the effectiveness of the measures and their impact on daily life in Cuba's fragile economy.

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