Cyprus GDP to suffer 'severe contraction' in 2020, projection shows

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Cyprus GDP to suffer 'severe contraction' in...
 © KNEWS 2020
The University of Cyprus’ Economics Research Centre has projected that the country’s GDP is set to drop by 6.9% in 2020 under a baseline scenario and by 13.1% under an adverse scenario.

In its economic outlook of May 2020, the University of Cyprus’ Economics Research Centre notes that the Cypriot economy “is projected to suffer a severe contraction in 2020 as a result of the COVID-19 pandemic.”

Real GDP is projected to drop by 6.9% in 2020, under the baseline scenario, it adds.

The projection takes into account the direct impact of...


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This article was automatically added to our system 11-5-2020

Cyprus GDP to suffer 'severe contraction' in 2020, projection shows


The contents of this article including any associated images are © KNEWS 2020
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