Advertisement 
The European Commission winter forecast converges with the government’s macroeconomic projections, the Cypriot Ministry of Finance has said. The EU Commission in its winter forecasts has said that in 2020 the Cypriot economy will contract by 5.8% due to the Covid-pandemic revising downwards its previous Autumn projections over a 6.2% contraction. The revised projections converge with the government forecasts, the Ministry said in a press release. Furthermore, the Ministry highlighted that the contraction rate in Cyprus in 2020 is expected to be smaller …
Advertisement
Advertisement
