IMF: slower growth, inflation to persist

The economy of Cyprus is expected to slow to 2.5% GDP in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, the International Monetary Fund


IMF keeps Cyprus GDP growth at 2.5%

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at a slower 2.5%, while real GDP growth is expected to pick up the pace next year. In


Family businesses see highest growth in 15 years

Family businesses with a company purpose connected to the United Nations’ Sustainable Development Goals (SDGs) are performing better than their peers across multiple financial and social metrics, according to PwC’s Global Family

Cyprus to outpace euro area growth

The Cypriot economy is expected to grow by 2.5% GDP in 2023, well above the euro area average of 0.5%, said Central Bank governor Constantinos Herodotou. Herodotou said the economy showed notable resilience in 2022, recording


DBRS downgrades Cyprus’ growth outlook

Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war. In its updated forecasts, the


Central Bank downgrades GDP growth

The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against

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