EU Predicts Rosy Outlook for Cyprus Economy This Year

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EU Predicts Rosy Outlook for Cyprus Economy...
 © GreekReporter 2019

The Gross Domestic Product ( GDP ) of the island nation of Cyprus is expected to grow by 3.3 percent in 2019, the European Commission said on Thursday. The commission predicted this rosy outlook on the basis of new data which forecasts the growth prospects of every country within the European Union.

According to this interim economic forecast, the economy of the island grew by 3.8 percent in 2018; it is expected to grow by 3.3 percent in 2019 and 2.7 percent in the year 2020.

Meanwhile inflation was at 0.8 percent during 2018, and is...


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EU Predicts Rosy Outlook for Cyprus Economy This Year


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