Growth Expected, Albeit with Challenges
Cyprus economy shows positive prospects but a challenging medium-term outlook, economists say.
Published on: 19 January 2017 |
The Cypriot economy may beat the macroeconomic projections in the short term horizon but the medium-term outlook faces both external and internal challenges, economists told a panel discussion organised by the Cyprus Economic Society titled “The Cyprus Economy Panel: Outlook for 2017-2018 and the economic challenges moving forward.”
All panellists highlighted the projections for economic growth in 2017 and 2018 that forecast a GDP growth rate close to 3%. Elena Andreou, head of the University of Cyprus` Economic Research Centre estimated that the economy in 2018 will grow by 2.
Source: Cyprus News Agency (CNA)
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