European Commission sees 3.1% growth in Cyprus in 2021, 3.8% in 2022

european-commission-sees-31%-growth-in-cyprus-in-2021,-3.8%-in-2022
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The European Commission has said that the Cypriot economy is forecast to grow by 3.1% in 2021 and 3.8% in 2022, but has warned that the country’s fiscal outlook is surrounded by considerable risks, in its post programme surveillance report for Cyprus which it published on Wednesday.In its report the European Commission outlines the main findings of the 10th audit mission which took place from 8-18 March 2021.The European Commission notes that “given the COVID-19 related travel restrictions, the mission was …

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