From the finance desk
If we believe the regime, Cuba's economy grew by a staggering 12.5 per cent last year - the fastest growing economy in all of Latin America. In fact, faster even than China, which is well, highly unlikely. Still, let's continue ...
Now we are told that things may well be slowing down.
Reuters reports today comments made by a senior Cuban economic official, Osvaldo Martinez, who claims that economic growth during the current calendar year will slow down to "around 10 per cent".
The reasons for the slowdown? Tourist numbers have declined substantially, a drop the regime has blamed on the US commercial embargo. Again.
The truth, as Reuters confirms, is that European and Canadian travel agents no longer see the island as "good value for money".