IMF revises upward its growth forecast for Cyprus economy

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IMF revises upward its growth forecast for...
 © CyprusDaily 2017
The International Monetary Fund (IMF) revised upward its growth forecast for Cyprus’ economy compared to last April`s forecasts, in its World Economic Outlook (WEO) report released on Tuesday.

The IMF estimates growth to reach 3.4% of GDP in 2017 compared to 2.5% that it projected in April 2017. It is noted that the Cypriot government estimates a growth rate of 3.6% for 2017.

For 2018, the IMF estimates a growth rate of 2.6%, compared to its 2.3% forecast in April, while the government estimates GDP growth to reach 3%.  The IMF estimates also that growth will reach 2.2% by 2022....


IMF revises upward its growth forecast for Cyprus economy


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