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
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.
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
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
Capital Intelligence Ratings has affirmed the Republic of Cyprus’ long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BBB-’ and ‘A3’, respectively, saying that the outlook on
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 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
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
