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Rating agency DBRS Morning Star left its baseline macroeconomic scenario unchanged for Cyprus but sees risk for deterioration especially for Europe following the Russia’s invasion in Ukraine and the ensuing sanctions imposed on Russia by the West. In a commentary issued on Thursday, the agency said its baseline projection for Cyprus is 4.1% GDP growth rate for 2022 and remains unchanged compared with the December 2021 estimate. The agency added that its projection for 2023 was marginally reduced by 0.1% to …
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