Cyprus & World News

Eurobarometer: Cypriots pessimistic about the economy

19 March, 2014

The vast majority of Cypriots seems to be pessimistic about the economy of Cyprus, according to the findings of the latest Eurobarometer survey.
An overwhelming 97% of Cypriots say the present condition of the Cypriot economy is bad, which is the highest percentage among the 28 EU member states after Greece (98%), and much higher than the EU average (68%).
Only 27% of Cypriots said that they see their personal job situation as good, the second lowest rate after the Greeks (22%), while in the rate in the EU28 was 54%.
Regarding the current situation of employment in Cyprus, 92% consider it to be bad. The percentage in Greece is 99%, while the European average is 78%.
In all, 77% of Cypriots said that the most important issue facing Cyprus right now is unemployment (+5% from the Spring 2013 survey) and 74% said that it was the economic situation.
As regards expectations from the EU, the majority of Cypriots (50%) as well as the EU citizens (47%) expect that the EU will help to improve the economy and to combat the crisis.