Positive economic outlook

Positive growth recorded

/ Cypriot economy expanded faster than EU average in 2016 (2.8%)

/ 11 consecutive quarters in positive territory

/ Growth of 3.8% in Q3 2017

/ Consecutive upgrades by Credit Rating Agencies

/ Successful return to capital markets at the lowest rates ever (June 2017)

/ Growth rates expected to reach 3.5% in 2017 - 50% higher than EU average (EU Commission, Autumn Report 2017)

 

Strong growth prospects 

/ Growth forecasted to remain robust over 2018 and 2019 (EU Commission, 2017)

/ Unemployment expected to be further reduced from 11% to 9.3% by 2019

/ GDP growth of around 3+% expected to continue (Moody’s 2017, Standard & Poors, 2017)
 



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