LINK Saturday 3rd September 2005 (18h19) by Paolo Spadoni=
Last February, Fidel Castro proudly stated that Cuba is recovering from the ashes of its post-Soviet economic recession and "rising again like the phoenix." Conversely, U.S. Interests Section Chief James Cason recently said that the island is facing severe economic problems and that Castro’s government "is on its last legs."= What is the truth about the current status of Cuba’s economy?
The economic situation in Cuba is not as bad as U.S. officials would have us believe. The country’s economy grew 3 percent in 2004, mainly thanks to a substantial increase in revenues from tourism and nickel exports, rose by approximately 6 percent in the first half of 2005, and is expected to end the year with a 5 percent growth.
Apart from an aging Fidel Castro, who just turned 79, there is little reason to assume that the present government in Havana is on the verge of collapse, especially after its recent and extremely beneficial agreements with Venezuela and China...