Cyprus enjoys strong growth prospects but contingent liabilities remain, Scope says

cyprus-enjoys-strong-growth-prospects-but-contingent-liabilities-remain,-scope-says
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Strong growth prospects and sustained fiscal discipline places Cyprus on a firm declining path but contingent liabilities, healthcare and public sector wage-related costs as well as weaker external conditions pose risks to the fiscal outlook, Scope rating agency has said. In commentary on Cyprus, Scope noted that Cyprus is set once again to outperform its budgetary targets for 2019, with the government primary surplus recorded at 6.9% of GDP in the 11 months to November, above the 6.2% target set out …

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