Cuba economy boosted by eased US sanctions: Moody's

Tourists from the United States pose in front of the Capitol in Havana, as Moody's raises its forecast for Cuban economic growth due to the loosened US embargo and a surge in tourismMoody’s raised its forecast for Cuban economic growth Thursday, saying the Caribbean island is benefitting from the loosened US embargo and a surge in tourism. The credit rating agency said the economy will grow about 3.5 percent this year, sharply higher than its previous forecast of 2.3 percent. The agency said Cuba is surviving the cut in Venezuelan assistance, for years a crucial crutch for the economy that included heavily discounted oil.

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