Gloomy Economic Outlook In Cuba Amid Tightening US Sanctions

• According to Fitch, the impact of US sanctions on Cuba will combine with long-standing structural economic deficiencies to push the country into recession in 2019.
• The Partido Comunista de Cuba (PCC) government will pursue a number of strategies to support growth, but these will likely only have a modest impact.
• Fitch forecasts -2.2% real GDP growth in Cuba in 2019, down from an estimated 1.1% in 2018. Given the lack of up-to-date economic data, there is a relatively large degree of uncertainty surrounding the forecasts for 2019 and the coming years.

(Source: Fitch)