Cyprus’ economy projected to recover output...
© FamagustaGazette 2022
Cyprus’ economy is projected to recover in 2021 the output lost in 2020 as a result of the COVID-19 crisis, the Central Bank of Cyprus (CBC) said in its yearly economic bulletin on Wednesday. The Central Bank also said that risks to the economy are considered to be balanced, though inflation is a slightly worrying factor. CBC said that following a drop of 5.2 percent in the Gross Domestic Product (GDP) in 2020 (which grew to about 21.1 billion euros in 2019), the economy is projected to bounce back by 5.6 percent in 2021. This should be followed by a growth rate of 3.6 percent, 3.7 percent and 3.8...
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