Increased GDP in Cyprus based on a wide range of developments

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Increased GDP in Cyprus based on a wide range...
 © In-Cyprus 2019
The near-term outlook for the Cypriot economy is continued growth at a high rate despite the European Commission’s recent forecast of a slowdown, according to Hellenic Bank chief economist Dr Andreas Ashiotis.

In fact, he believes that the Commission’s forecast of the Cypriot economy’s slowdown to 2.9% in 2019 and 2.6% in 2020 is conservative and is not justified by prevailing data.

In its latest report, the Commission predicts a slowdown in Cyprus’ GDP because of decreased tourist flow due to the bankruptcies of certain airlines flying to the Mediterranean...


This article was automatically added to our system 16-7-2019

Increased GDP in Cyprus based on a wide range of developments


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