Cyprus Economic Outlook: Growth Projections and Key Trends
Cyprus’s economic outlook is looking up, with the Central Bank forecasting GDP growth of 3% in 2024, increasing to 3.1% in 2025 and 3.2% in 2026. Strong domestic demand, private investments, and service exports in technology and shipping are driving this growth, with unemployment expected to fall to 5.7% and inflation to remain steady at 2.1% in 2024.