On the recently announced reform package. By Dr. Prof. Fernando Esteche Last week, the National Assembly of People’s Power unanimously approved, in an extraordinary session, a package of 176 measures grouped into 23 key areas, which Prime Minister Manuel Marrero presented as the most profound economic opening program since 1959. There were no street protests or people’s mobilizations. What occurred ...
The increase in electricity prices is often presented today as just another supply shock, which is not exactly the case. For British households, the observed price increase, the highest since 2018, means a decrease in available income, and thus in consumption and aggregate demand. It is also one of the main catalysts of rising inflation seen across Europe. However, since ...