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Sunday, April 29, 2018

The new president will continue the path of his predecessor

At the first Cuban State Council meeting chaired by Cuban President Miguel Diaz-Canel, he expressed his intention to maintain the socialist and one-party system as well as promote the reforms that the former President Raúl Castro made during a decade of running the country.

  Cuba's economy is experiencing a number of liquidity problems due to the negative effects of the US embargo on trade that lasted more than 50 years. On April 27, Cuba's economy continued to face many difficulties due to the shortage of foreign currency. Although not providing detailed figures for the country's economic plan by the end of March, 1818, Cuban TV news highlighted the continuing difficulties of the country's economy, Exports led to a lack of liquidity. In addition, fuel supplies in Cuba are in a similar situation, although earlier investment plans in this area are expected to be completed by 90% in the first quarter of this year. Nevertheless, the United States' United Nations Economic and Social Commission for Latin America and the Caribbean (CEPAL) recently predicted that the Cuban economy would grow at a rate of 1% in 2018. In the report, Latin America and the Caribbean, CEPAL said, the Cuban economy will grow thanks to the dynamic tourism industry and the adjustment of the supply of energy products, along with the trend of improving the price of exports. According to CEPAL, there has been a slight recovery of Cuban exports since Q1 / 2017. In addition, the type of medical tourism in the Caribbean island is also restored with great economic potential. This tourism model provides health services for visitors to this island nation.

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