The Cypriot real GDP will expand by 2.4% this year, rating agency Morningstar DBRS has said revising marginally downwards its December 2023 projection of 2.5%.
However, in its new baseline macroeconomic projections, the Canadian rating agency upgraded significantly its projection for 2025, estimating that Cyprus output will reach 2.4% compared with its previous projection of 2%.
According to DBRS, unemployment in Cyprus will decline to 6.1% this year from 6.4%