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The International Monetary Fund said the Cypriot economy is projected to recover at a much slower pace in 2021, revising its previous projections as the Covid-19 pandemic continues to hamper economic activity. In its World Economic Outlook (WEO), the IMF estimates that following a more modest contraction amounting to 5.1% in 2020, the Cypriot economy will grow by 3% in 2021 compared the previous projections of 4.7% in the October 2020 WEO. The IMF estimates that the Cypriot economy will mark strong …
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