Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis. Addressing Invest
Cyprus’ pandemic-struck economy is expected to contract by 6.2% GDP in 2020, rebound 3.7% in 2021 and 3% the year after, said the European Commission autumn economic forecast. According to the 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
Cyprus’ economy will fare better than expected from the pandemic fallout as it is expected to contract less than 7% of GDP this year, said Finance Minister Constantinos Petrides. In the early
Cyprus’ Finance Ministry, after re-evaluating the impact of the coronavirus pandemic, is sticking to its basic scenario of the economy shrinking by 7% GDP this year. In comments to the Cyprus News
Cyprus COVID-ravaged economy plunged an estimated 11.9% of annual GDP in the second quarter of 2020 as it tried to contain the pandemic. Based on seasonally and working day adjusted data, GDP
Cyprus general government debt spiked to 113% of GDP (€24.56 bln) in April, reflecting the borrowing spree the Finance Ministry mounted to mitigate the impact of the coronavirus outbreak. Cyprus’ debt bloated
DBRS Morningstar has confirmed the Republic of Cyprus’s long-term foreign and local currency – issuer ratings at BBB (low) and changed the trend to ‘stable’ from ‘positive’, with the short-term foreign and
Cyprus’ economy contracted 1.3% of GDP in the first three months of the year which includes the COVID-19 outbreak in early March. Seasonally adjusted GDP decreased by 3.8% in the euro area,
Coronavirus-affected economies across Europe could contract on average by 3.5% this year with a rebound of 4.8% possible in 2021, according to a European Bank for Reconstruction and Development report. EBRD warns
