EU sees Cyprus economy expanding by 3.6% in 2018

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EU sees Cyprus economy expanding by 3.6% in 2018
 © In-Cyprus 2018
The European Commission on Thursday said it expected the Cyprus economy to grow by 3.6% in 2018, on the back of a nine year high of 3 .9% in 2017.

In its summer economic forecast it said that in the first quarter of 2018, the economy had continued its momentum, posting 3.8% (y-o-y) growth driven by solid domestic demand and, lately, exports.

It said consumer sentiment continued to improve, while business confidence across major sectors either increased or levelled off, suggesting continued momentum in the coming quarters.

The composition of growth shifted...


This article was automatically added to our system 12-7-2018

EU sees Cyprus economy expanding by 3.6% in 2018


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