CLOSE
Loading...
12° Nicosia,
20 July, 2024
 

EBRD more upbeat about Cyprus growth rate

It estimates that the economy will grow by 3.2% in 2018, up 0.7% compared with the November projection

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.

TAGS
EBRD  |  economy  |  Cyprus  |  growth

Business: Latest Articles

X