Pandemic's impact on tourism poses significant risks to Cyprus economy

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Pandemic's impact on tourism poses significant...
 © KNEWS 2020
The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment.

According the forecast’s chapter on Cyprus, “Cyprus was on a solid growth path before the global outbreak of COVID-19”, but “the pandemic, and the confinement measures that followed, have dramatically changed the picture.”

“In the first quarter of 2020, economic growth slowed down considerably, 0.8%...


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This article was automatically added to our system 7-7-2020

Pandemic's impact on tourism poses significant risks to Cyprus economy


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