IMF Upgrades Cyprus Growth Rate for 2024
October 22, 2024
The International Monetary Fund has upgraded its forecast for Cyprus's growth to 3.3% in 2024. The growth rate for 2025 is projected at 3.1%. Inflation is expected to be 2.2% in 2024, and unemployment at 5.3%. However, the projections for the current account deficit are more pessimistic.