Economic sentiment rises, uncertainty remains

Cyprus’ economic sentiment improved in August from July, reflecting stronger activity in services but uncertainty remains, fuelled by the Covid pandemic. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’

Cyprus economic growth surrounded by risks

Cyprus’ economy is forecast to grow by 3.1% GDP in 2021, but the European Commission warned the country’s fiscal outlook is surrounded by substantial risks in its post-bailout surveillance report. “The fiscal outlook

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Economic sentiment climbs to 15-month high

Cyprus’ economic sentiment in May reached its highest point since the pandemic in 2020, reflecting the improvement in business confidence as activity gradually returned to normal. The Economic Sentiment Indicator (ESI), compiled

Economic support measures must be targeted

Further measures to support the economy from the pandemic’s impact should be targeted at minimizing the consequences while reducing the effects on strained public finances, the Cyprus Central Bank Financial Stability Report

Economic sentiment improved before Lockdown III

Economic sentiment significantly improved in April, increasing by 9.2 points since March as confidence grew in the services sector before Lockdown III, according to a University of Cyprus index (ESI-CypERC). The index

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