Rethinking Cyprus’ Economic Performance Metrics
Cyprus may find that Gross National Product (GNP) offers a clearer picture of its economic health than Gross Domestic Product (GDP), as GNP accounts for income from Cypriots’ investments abroad, revealing a potential imbalance favoring foreign investors. Economic expert Ioannis Tirkides emphasizes the need for Cyprus to rethink its investment strategies, focusing on sustainable sectors like technology and renewable energy to ensure that growth benefits its residents.