GDP in Cyprus
Cyprus - GDPThe economy has had a strong start to 2017. According to preliminary data, GDP growth accelerated to 3.3% in Q1 in annual terms, easily beating market expectations and marking the fastest rate since the height of the financial crisis. Credit rating agency Moody’s recently stated that the strong GDP print will strengthen bank clients’ ability to restructure their loans and improve their repayment capacity, which should in turn translate into a more resilient banking system. Moody’s also expects higher economic growth to increase businesses’ cash flow and improve the labor market.
Cyprus - GDP Data
|Economic Growth (GDP, annual variation in %)||0.3||-3.2||-6.0||-1.5||1.7|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus GDP Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.43 %||Jun 16|
|Stock Market||75.5||-0.66 %||Jun 16|
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