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

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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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EU halves Cyprus 2022 GDP growth to 2.3%

Cyprus’ GDP growth will slow considerably as the war in Ukraine pushes inflation to unprecedented heights, according to the European Commission. In its Spring forecasts on Monday, the European Commission revised its

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