UCy revises real GDP growth upward

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UCy revises real GDP growth upward
 © FinancialMirror 2022
Real GDP growth is projected at 5.4% in 2021 and 4.1% in 2022, upward revisions mainly driven by the strengthening recovery during the second quarter of this year, according to the University of Cyprus.

The university’s monthly economic outlook for October, compiled by the Economics Research Centre, said further improvements in leading indicators in the third quarter and upward revisions in National Accounts data.

The UCy research said downside risks to the outlook could stem from new waves of COVID-19 infections because of new virus variants, such as Delta-plus, and relatively lower vaccination...

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Article automatically added to our system on Friday, October 29, 2021

UCy revises real GDP growth upward

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Article Tags: #revises   #growth   #upward  

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