Cyprus GDP growth projected at 3.3% for 2021 : vimarsana.com

Cyprus GDP growth projected at 3.3% for 2021
© FinancialMirror 2021
According to the University of Cyprus Economics Research Centre, the island’s GDP growth is projected at a slower 3.3% for 2021, accelerating to 3.6% next year.
April’s growth forecast for 2021 was revised downwards from February (3.7%) due to the smaller-than-projected contraction in GDP in 2020 and impediments to economic activity caused by the January lockdown.
In 2022, growth is projected to strengthen to 3.6%.
The 3.3% growth forecast is close to the estimates published by the European Commission (3.2%) and slightly higher than the...

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