Central Bank revises 2018 growth forecast upwards to 4.1%

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Central Bank revises 2018 growth forecast...
 © BusinessMail 2020
By Stelios Orphanides

The Central Bank of Cyprus significantly revised its 2018 economic growth forecast upward to 4.1 per cent from a previous 3.4 citing strong exports and domestic demand.

In 2019, the economy is forecast to grow 3.9 per cent with the growth rate slowing down to 3.5 per cent the following year, the central bank said in its June 2018 economic bulletin.

“In 2018, private consumption is expected to increase 2.5 per cent after growing 4.2 per cent in 2017, reflecting the increase in disposable income resulting mainly from an...


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Central Bank revises 2018 growth forecast upwards to 4.1%


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