Finance Minister praises economy

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Finance Minister praises economy
 © CyprusMail 2017
A prudent fiscal policy by the government as well as deleveraging by the banks have helped place the economy on a far better footing compared with its low point of 2013, finance minister Harris Georgiades said on Thursday.

In his annual lecture to the University of Cyprus on the state of the economy, the minister said 2017 would mark the third consecutive year of growth.

GDP is expected to grow more than 3.5 per cent, compared with 3 per cent in 2016 and 2 per cent in 2015.

Rising private consumption, as well as increases in retail turnover and construction, were among the...


Finance Minister praises economy


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