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IMF Upgrades Cypriot Economy Growth Projections
October 10, 2018
The International Monetary Fund (IMF) has significantly upgraded its projections on the Cypriot economy`s growth for 2018 and 2019 at the World Economic Outlook published this October, expecting a growth rate of 4.0% and 4.2% respectively.
For 2019 in particular, the IMF’s review is greater by 1.2 percentage units while for 2018 it is higher by 0.4 of a percentage unit, compared to the spring projections published last April. The international body expected then that the Cypriot economy would grow at a rate of 3.6% in 2018 and 3.0% in 2019. In 2017 the Cypriot economy grew by 3.9%.