forecast Archives - Financial Mirror

EU Forecast: Cyprus GDP growth to slow

Cyprus GDP growth is expected to slow in 2023 but gradually pick up over the next years, while inflation should subside, according to the EU Autumn Economic Forecast. On an EU level,

16th November 2023

Cyprus/Economy

Risk appetite improves amid more Fed speak

By Craig Erlam Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed perhaps by some promising Fed commentary on Monday. It would appear the recent surge

10th October 2023

Markets/World

Inflation forecast at 8.6%, GDP growth 4.9% in 2022

Consumer Price inflation is forecast at 8.6% for 2022, slipping to 3.4% in 2023, while GDP growth this year is projected at 4.9%, followed by a lower 2.4%, the University of Cyprus

17th October 2022

Cyprus/Economy

Heatwave over, summer showers forecast

After seeing maximum temperatures consistently hitting 40 degrees Celsius for two weeks, Cyprus has been given a respite from a heatwave gripping the island since 24 July. From Monday, maximum temperatures will

8th August 2022

Cyprus/Life & Society

Cyprus welcomes EU’s 4.3% GDP growth forecast

The EU Commission forecast of economic progress for Cyprus shows the recovery of the Cypriot economy with projections of over 4% GDP growth in 2021 in line with Nicosia, the Finance Ministry

8th July 2021

Business

Central Bank forecasts 3.8% GDP growth for 2021

Cypriot GDP is projected to recover by 3.8% in 2021, following a contraction of 5.1% last year, according to the Cyprus Central Bank’s economic bulletin. In 2022 and 2023, GDP is expected

2nd July 2021

Cyprus/Economy

Economy to grow at moderate pace

The Cypriot economy will recover in 2021, albeit at a more moderate pace than the previous projections due to lockdown measures in January and April, the Cyprus Central Bank forecasts. The projections

11th June 2021

Cyprus/Economy

Nicosia welcomes EU forecast on weaker recession

Cyprus’ Finance Ministry has welcomed the European Commission winter forecast indicating the recession in 2020 was less severe than first predicted with the economy shrinking 5.8% GDP due to the pandemic. Nicosia

11th February 2021

Business

Economy to contract 5.5% GDP in revised forecast

Cyprus Finance Minister Constantinos Petrides predicts the economy will perform better than expected post-COVID shrinking by less than 5.5% GDP instead of the previously forecast of -7%. “We have succeeded in our

30th September 2020

Cyprus/Economy