By Delphine Touitou Ukraine’s government continues to function, the banking system is stable and debt payments are viable in the short term, but the Russian invasion could plunge Ukraine into a devastating
Despite a supply chain crisis, the International Monetary Fund revised 1.8 percentage points upwards the growth rate of the Cypriot economy this year to 4.8% GDP, compared to its forecast in April.
Nicosia should continue fiscal support measures to mitigate COVID-19 economic scarring and focus on digitisation and transition to a green economy as recovery takes hold, the International Monetary Fund said. Following a
The International Monetary Fund estimates the Cyprus economy will bounce back from the Covid-19 pandemic at a lower GDP rate than its earlier projections. In 2021, the Cyprus economy is projected to
By Han Tan, Market Analyst at FXTM Asian stocks and currencies are mixed Wednesday, while US equity futures are pointing south, offering a relatively subdued reaction to more dire warnings about the
The Cyprus economy will shrink by 6.5% of GDP this year due to the coronavirus pandemic followed by a sharp rebound in 2021, the International Monetary Fund (IMF) said in its World
Cyprus has saved €13 mln by fully repaying an International Monetary Fund (IMF) crisis loan before schedule which was granted to Nicosia during the 2013 financial meltdown. According to a written statement
The eurozone’s bailout fund agreed on Thursday to Cyprus repaying €6.3 bln of costly crisis loans from the International Monetary Fund, so it can replace them with cheaper loans from the market.
By Han Tan, Market Analyst at FXTM Asian stocks and currencies were mixed Friday, despite global investors being given positive signals on the world’s two largest economies. US retail sales climbed 0.3%
Low productivity and high private debt, as external risks increase, are the main challenges for the Cyprus economy to tackle, said an International Monetary Fund (IMF) review. The IMF Executive Board welcomed
