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Cyprus economy growth prospects better than previously thought
November 1, 2021
The Cypriot economy is expected to grow more than previously expected according to a report by the University of Cyprus Economic Research Centre.
According to the report, Cyprus’ real GDP growth is now estimated to be 5.4 per cent for 2021, while growth is estimated to reach 4.1 per cent in 2022.
Both figures have been revised upwards from previous estimates, with the revision being attributed to the Cypriot economy performing strongly in the second quarter of the year, further bolstered by leading indicators being upgraded in the third quarter.