From 2016 to 2019, the country's economy experienced moderate growth rates; however, experts forecast a contraction of 11 percent of the gross domestic product (GDP) in 2020.
The worsening of the U.S. blockade and the impact of the COVID-19 are among the factors hindering the economic reforms.
"Decisions in the economy cannot, in any case, mean a rupture with the Revolution's ideals of equality and justice and much less break the unity of the majority of the people around the Party," PCC Secretary Raul Castro said.
#FromTheSouth News Bits | According to a statement from White House press secretary Jen Psaki, a change in U.S. policy towards Cuba is not among the priorities of the Biden administration, despite acknowledging that some of the Trump’s policies will be reviewed. pic.twitter.com/6utFMSvMPK