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Real economic activity in Cyprus is expected to continue to increase at robust rates in 2020, albeit at a slower pace compared to 2019, says the Economics Research Centre (CypERC) of the University of Cyprus. According to the January 2020 “Economic Outlook” the growth rate of real GDP is estimated to have slowed from 4.1% in 2018 to 3.4% in 2019.Growth is projected to decelerate further in 2020 as real GDP is forecast to increase by 2.8%. The drivers of the outlook …
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