PanamaTimes

Thursday, Jul 25, 2024

Cuba's Sugar Industry on the Brink of Collapse

Cuba's Sugar Industry on the Brink of Collapse

Cuba's sugar industry, once the core of its economy, is nearing collapse due to inflation, shortages, and mismanagement. Production has dropped drastically, and workers like Miguel Guzmán struggle with poor wages as Cuba now imports sugar. The shift to tourism and recent fuel price hikes highlight broader economic challenges, while issues of corruption further strain the nation's economic stability.
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