The actions announced by the United States on December 17, 2014 will have a limited immediate impact on the Cuban economy. More important consequences will need to await repeal of the Helms-Burton Act (H-B) and other laws by the U.S. Congress. I don’t know when that will happen, but the recent agreement between Cuba and […]
This post takes an initial look at economic implications of the new measures announced by President Obama on December 17, 2014. The author estimates the one-year positive impact of the measures at 0.5% to 0.6% of Cuba’s GDP with the second year impact somewhat higher because of multiplier effects. The impact although significant will by […]
They are both worth a read.