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IMF downgrades Cyprus growth forecast

first_imgThe International Monetary Fund (IMF) on Tuesday revised downward its 2019 growth forecast for Cyprus to 3.5 per cent from its October estimate of 4.2 per cent.For 2020, the IMF expects the economy to grow by 3.3 per cent.Inflation will reach around 0.5 per cent this year against 1.8 per cent forecast in October. In 2020 it is expected to rise to 1.6 per cent.The IMF also foresees a gradual reduction in unemployment. The fund said it expects unemployment to drop by 1.4 per cent in 2019, to 7 per cent. Next year unemployment will fall further to around 6 per cent, the IMF said.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoYahoo SearchYou’ve Never Seen Luxury Like This On A Cruise Ship. Search Luxury Mediterranean CruisesYahoo SearchUndo Pensioner dies after crash on Paphos-Polis roadUndoCruise passenger airlifted to Paphos hospitalUndoRemand for pair in alleged property fraud (Updated)Undoby Taboolaby Taboolalast_img

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