Cyprus: 2025 Article IV Consultation-Press Release; and Staff Report

Volume/Issue: Volume 2025 Issue 117

Publication date: June 2025

ISBN: 9798229012843

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Labor , Public Finance , Financial sector policy , Fiscal stance , Inflation , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Labor markets , Nonperforming loans , Wages

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Summary

Robust growth last year was driven by strong tourism, ICT sector expansion, and domestic consumption. And inflation decelerated despite some volatility. Activity is expected to moderate this year as consumption growth eases and exports are hit by rising trade tensions. Looking ahead, capital accumulation will become increasingly important for sustaining long-term growth, particularly as the contribution from labor begins to diminish.