en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900
NEWS

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
Newsletters
5 Minutes Offshore
Why LAVECO?
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
2017.10.21
HUF 0.0038
GBP 1.3186
CHF 1.0191
RUB 0.0174
HKD 0.1282
JPY 0.0088
CNY 0.1511
CAD 0.8004
AUD 0.785
BRL 0.315
EUR 1.1818

NEWS

Troika eases Cyprus recession f’cast for 2013, ups 2014


08/11/2013

International lenders assessing Cyprus’ progress in meeting a three-year adjustment programme said a recession this year would be less pronounced than anticipated, but upped their forecast for a loss in output next year.

Lenders now believe Cyprus will see its economy contract by 7.7 per cent this year from an earlier 8.7 per cent projection on restrained spending and better revenue performance, IMF Cyprus mission chief Delia Velculescu said.

She said however that recession forecasts for 2014 were increased to 4.8 per cent, from earlier calculations of 3.9 per cent, on a smaller disposable income and growing unemployment among the island’s residents.

www.cyprus-mail.com

Related jurisdictions:
Cyprus
Top