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Prodromou sees economic growth at 4 full employment by 2021
May 17, 2018
By Stelios Orphanides
Government spokesman Prodromos Prodromou said he expects the economy will expand this year by around 4 per cent before returning to full employment conditions in “two or three years”.
“It is the thirteenth consecutive quarter since the first quarter of 2015 that the has economy grown,” the economist-politician told reporters in Nicosia on Tuesday, hours after Cystat posted its preliminary estimate of 3.8 per cent growth rate for January to March. “We have steady and robust growth, without denying that certain problems and structural weaknesses remain,” Prodromou added.
The government spokesman said as long as the government continues strengthening the economy with reforms “either in the institutional framework or in the way the state operates, we can be sure that conditions for workers and the Cypriot people in general will improve”.