GDP growth and inflation at 3% in 2023 Economic Research Centre of UCY projects

GDP growth and inflation will be at 3% in 2023, according to forecasts of the Economic Research Centre of the University of Cyprus, in the July issue. ERC notes that the projection for 2023 remains unchanged, compared to the projection in the May issue. Real GDP growth in Cyprus is forecast to decelerate from 5.6% in 2022 to 3% in 2023, according to ERC, with the forecast remaining unchanged in relation to the May issue. Growth in 2024 is projected at 2.9%, down by 0.2 percentage points compared to...