Economics Research Centre projects economic growth in Cyprus to continue in 2017 and 2018

The expansion of real economic activity in Cyprus is expected to continue at robust rates in 2017 and 2018.

According to the Economics Research Centre of the University of Cyprus, in 2017, real GDP is projected to grow by 3.0%. In the second and third quarters of 2017, real GDP is projected to rise (year-on-year) by 2.9% and in the final quarter of the year GDP growth is estimated at 2.8%.

In 2018, real GDP growth is forecast to slightly decelerate to 2.7%.

Source: Cyprus News Agency