DRBS Morning Star left its key macroeconomic scenario for Cyprus unchanged, but expects further deterioration of its key scenarios especially for Europe, amid the Russian invasion of Ukraine and Western sanctions against Russia.
Specifically, for Cyprus, the Canadian house expects a 4.1% GDP growth rate in 2022, maintaining the same baseline scenario of December 2021, while for 2023 the growth estimate was reduced by 0.1% to 3.3%.
(CNA)
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