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ECONOMY FALTERS, TOURISM SLUMPS.

Publication: Caribbean Update
Publication Date: 01-JUN-02 		Format: Online - approximately 582 words
Delivery: Immediate Online Access
Full Article Title: ECONOMY FALTERS, TOURISM SLUMPS.(Cuba)(Brief Article)

Article Excerpt
Cuba's seven-year recovery from the crisis caused by the collapse of its former benefactor, the Soviet Union, has come to a halt, local analysts say, blaming declining tourism and reduced imports for putting the brakes on the economy, reports CNN (April 30,2002):

"Cuba appears to be entering a recession due to the first trimester performance of the economy's determining sector, tourism," the French commercial office in Havana said. The commercial office added that 2002 forecasts for relatively high oil prices -- Cuba's biggest import -- and...

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