Cyprus GDP growth forecast for 2024 revised upwards
The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent. The revision is attributed to stronger domestic demand, with private consumption playing a central role, supported by the ongoing resilience of the Cypriot economy. However, the CBC also revised its forecasts for 2025-2026 downwards, due to increased imports required to meet the higher domestic demand. […]