Cyprus economic growth expected to slow down
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Cypriot Finance Minister Constantinos Petrides said on Friday that the country’s economic growth is expected to slow down to 2.9 percent in 2020 from 3.2 percent this year. Presenting to parliament the state budget for next year, the minister said that the sovereign debt, which peaked at about 107 percent in the upheaval that followed the 2013 economic crisis and bailout of the eastern Mediterranean island country, will fall to 97.4 percent of GDP in 2020 and will continue on a downward trajectory...
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