Cyprus GDP in 2021 projected to reach 3.8%, according to CBC June Bulletin

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Cyprus` GDP in 2021 is projected to record a recovery of 3.8%, following a contraction of 5.1% in 2020, according to the June 2021 edition of the Economic Bulletin, issued by the Central Bank of Cyprus.It adds that in 2022 and 2023 GDP is expected to further grow by 3.1% and 2.5% respectively, marginally lower than the previous forecasts in December 2020.In the bulletin, the CBC says that in the first quarter of 2021 there was a slight contraction in economic activity …

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