This edition of Cuba Economic Review examines a Cuban economy facing severe constraints and explores how broader transformation might work.

This issue continues our series on Cuba’s urgently needed transformation, with an In Deep essay by renowned Cuban economist Omar Everleny Pérez on four principles that should guide a transition to a social market economy. By the numbers shows how the 2026 crisis reflects decades of low growth and productive deterioration. In Quick Takes, we examine new pressure points on the economy: the suspension of maritime bookings to Cuba, the U.S. Supreme Court ruling on cruise lines, the debate over a new system of economic management, Sherritt’s see-sawing status, and the collapse in tourism caused by the fuel crisis. Finally, Recommended Readings highlights a Bloomberg article on the growing role of Cuba’s private sector and the early experience of the CSG’s sister project, Proyecto Cuba Emprende.