The document summarizes forecasts for Cuba's economy over different timeframes. Over two years, the economy is expected to remain state-dominated and stagnant, assuming regime survival and no major upheavals from Venezuela or the US. Short-term forecasts predict average annual growth in output and expenditure. Within five years, the economy is projected to become more mixed but still distorted and contradictory, with new activity and investment rising but external vulnerabilities remaining, assuming continued reforms and Venezuela's weakening. Medium-term forecasts anticipate average annual growth. Looking 20 years out, reforms are projected to result in a mixed economy with a unified peso, more social protection, and diversification reducing external reliance, assuming Venezuela's