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The Pandemic Is No Longer An Issue For Cyprus, The Economy Is

Cypriot authorities have managed to contain the COVID-19 pandemic to a significant degree, with the implementation of strict public health measures. In recent weeks, the number of cases has remained at single digits, which raises the optimism that a new outbreak of the pandemic will not happen. Although no one...

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Cyprus Economic Outlook

Detailed national accounts data showed that the economy contracted at a record pace in Q2, as pandemic-related restrictions pummeled household consumption, capital spending and exports. Available data for Q3 suggests that economic momentum remains fragile. Merchandise exports dropped notably in July on plunging dispatches to the EU, while tourist...

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