economic growth inflation trends

Cyprus GDP to grow by 2.9 per cent in 2024 — debt expected to fall in coming years

Cyprus is set to experience a 2.9 percent GDP growth in 2024, with expectations of a steady increase to 3.3 percent by 2027. Alongside this positive economic outlook, inflation is anticipated to stabilize at 2.5 percent in 2024, while unemployment rates are forecasted to drop from 5.8 percent to 5.1 percent by 2027, with government debt expected to decline significantly, enhancing the country’s financial stability.