Cyprus economy on the up
Source: CNA
The European Bank for Reconstruction and Development has revised significantly its projection for Cyprus’ economic growth rate this year, in the context of a wider upward revision of its forecasts for the EBRD regions.
EBRD estimates that the Cypriot economy will grow by 3.2% in 2018, up 0.7% compared with the November projection.
“The EBRD has revised up economic forecasts for 2018 as a broad-based recovery continues across its regions, bolstered by stronger investment activity and higher exports,” the EBRD said in its 2018 economic forecasts.
EBRD estimates that Cyprus’ growth rate will moderate to 3% in 2019.
