
CyprusCyprus' GDP growth forecast raised amidst inflation and Middle East conflict
Cyprus' GDP growth forecast for 2026 has been raised, but the economy faces threats from Middle East conflict and rising electricity costs.
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Economic Growth Forecast Raised Amidst Inflationary Pressures
First report 13h agoLast update 8h agoCyprus' economy is now expected to grow by 3.2% in 2026, an increase from the previous forecast, due to strong economic activity and business confidence.
Industrial producer prices rose significantly due to higher electricity costs, impacting the manufacturing sector.
The Central Bank governor warns that a prolonged energy shock is increasing inflation risks and threatening the economic outlook.
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