Cyprus’ economic sentiment in July dipped 4.7 points from June, reflecting worsening consumer confidence and weaker business activity in services. Uncertainty among firms in all sectors and consumers painted a gloomier outlook.
The Cypriot economy is projected to record strong GDP growth over the next two years after a pandemic-induced 2020 contraction. A gradual return to normalcy and an increase in vaccination coverage are
People who don’t get COVID-19 vaccinated are not just expressing a political view or voicing health concerns over potential side effects; they are a “potential drag on the economy”. As the vaccination
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
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
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 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
Vaccinations are the “main economic tool” for managing the coronavirus crisis and driving prospects of a “strong recovery” in 2021 from 3.5% to 4.5% GDP, said Finance Minister Constantinos Petrides. He said
In February, Cyprus’ economic sentiment marginally slipped with the Economic Sentiment Indicator (ESI-CypERC) decreasing by 0.1 point from the month before due to weaker business confidence in services. The index now stands
Cyprus’ economy will start to recover in 2021, however, at a much slower pace than the government predicts with everything riding on the speed of the COVID-19 vaccination rollout, analysts told the
