Significant risks to the Cypriot economy due to large COVID impact on tourism European Commission forecasts

Click For Larger Image & Read More
Significant risks to the Cypriot economy due to...
 © Parikiaki 2020
Significant risks to the Cypriot economy due to the large impact of the pandemic on tourism, with expected tourist revenues of only 25% of last year`s levels and subsequent unemployment in the service sector, the European Commission records in its summer economic forecasts, released today in Brussesl

According to the 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,...


Read all latest: Cyprus Coronavirus News Updates - Live

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

Significant risks to the Cypriot economy due to large COVID impact on tourism European Commission forecasts


The contents of this article including any associated images are © Parikiaki 2020
Views & opinions expressed in this article are those of the author and/or Parikiaki .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: significant, risks, cypriot, economy, large, covid, impact, tourism, european, commission, forecasts,