The euro-pound currency pair trades around 0.8680 on Friday, with EURGBP losing 0.10% as investors assess contrasting economic outlooks in the Eurozone and the United Kingdom. In the Eurozone, the latest data
Following a volatile opening to the week, markets remain relatively quiet on Tuesday, as gross domestic product (GDP) data for the first quarter from the Euro area and Germany will be watched
Cyprus’ annual financial net worth stands at -€26.622 billion, according to Statistical Service data. It said the total assets of the economy in financial instruments was €686.92 billion at the end of
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,
The Cypriot economy’s seasonally adjusted annual GDP growth rate reached 2.2% in the third quarter, maintaining the same level as Q3 2022 but showing a lower quarterly growth than in Q1. According
Real GDP growth is forecast to slow from 5.1% in 2022 to 2.4% in 2023 before picking up to 2.8% in 2024, according to the latest economic Outlook from the University of
Annually, the tax-to-GDP ratio increased in 12 EU countries, with the largest rise registered in Cyprus (from 34.8% in 2021 to 36.5% in 2022) and Hungary (33.9% to 35.1%). The overall tax-to-GDP
Cyprus’ general government gross debt-to-GDP ratio increased by 2.2 percentage points (pp) to 85.3% in the second quarter of 2023, compared with the previous three months, the largest quarterly increase by an
International Monetary Fund (IMF) World Economic Outlook forecasts that Cyprus’ growth rate for 2023 will slow to 2.2% GDP, down from the 2.5% it had projected in April. For 2024, the IMF
The Central Bank of Cyprus revised its projections for GDP growth, estimating it will be 2.4% this year and 2.7% in 2024, down from its June estimate of 2.6% and 2.8%. In
