In the second quarter of 2023, seasonally adjusted GDP increased by just 0.1% in the euro area and was stable in the EU, but in Cyprus, it decreased compared with the previous
Despite the Central Bank’s optimistic view of an increase in the Cyprus economy’s GDP growth, from 2.6% this year to 3.1% by 2025, the employers’ federation and the main Opposition party are
Seasonally adjusted GDP in Cyprus dropped by 0.4% in the second quarter of 2023, compared with the previous quarter but was up by 2.3% annually, according to a flash estimate by Eurostat.
Private debt in Cyprus (households and non-financial corporations) was 218% of GDP in the first quarter of 2023, with debt in absolute numbers totalling €60.1 bln, the Central Bank of Cyprus (CBC)
By Naeem Aslam The Bank of Japan has stolen the thunder with its monetary policy move, and it has done what it does best, which is create a massive knee-jerk reaction in
GDP growth and inflation will drop to 3% in 2023, according to forecasts of the University of Cyprus’ Economic Research Centre. The ERC noted the projection for 2023 remains unchanged compared to
International rating agency DBRS Morningstar predicts the GDP growth rate of the Cyprus economy in 2023 will remain at 2.1%, according to updated baseline macroeconomic scenarios. DBRS estimates that in 2024 Cypriot
The Central Bank of Cyprus believes the Cypriot economy will expand by 2.6% GDP in 2023, with positive developments observed in private consumption offset by any impact of sanctions on Russia for
Annual Gross Domestic Product generated €6.2 bln in the first quarter of the year, showing an increase of 3.4%, bolstered by the retail sector and tourism revenue. Based on seasonal and working
The Cypriot economy maintained strong momentum in the first quarter of 2023, with real GDP registering an annual growth rate of 3.4%, the second highest in the EU. There are signs of
