Economic growth is expected to be strong, fuelled by foreign-funded investment and solid private consumption, according to the European Commission’s Spring 2018 Economic Forecast. Unemployment has fallen below 10% and is expected to continue decreasing. Inflation remains very low and is set to stay moderate. The budget surplus is projected to further improve, although risks to the fiscal outlook remain. Public debt is expected to increase in 2018 but to decline again in 2019.
EC: Cyprus’ Strong Growth Momentum Continues
