Real GDP is expected to grow by 4.1% in 2022, according to the January economic outlook release issued by the Economic Research Centre (ERC) of the University of Cyprus.
Real GDP is estimated to have grown by 5.6% in 2021, while inflation for 2022 is projected at 2.6%.
According to the CTO, factors contributing to the outlook for 2022 include a strong recovery from the pandemic crisis of 2020, strengthened economic confidence, favourable financing conditions and supportive fiscal policy.
(CNA)
CNA
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