EC: Cyprus Economic Growth Expected To Remain Strong In 2017

06:53 - 11 Ιουλίου 2017

GoldNews
The findings of the second post-programme surveillance (PPS) mission of Commission staff, in liaison with staff from the European Central Bank (ECB), which took place in Cyprus from 27 to 31 March concluded that risks for Cyprus’s capacity to service its debt to the European Stability Mechanism (ESM) remain low and the country is currently benefiting from robust growth and improving conditions in the financial sector, as growth picked up in 2016 and is expected to remain strong in 2017, moderating thereafter. But even so, the report prescribes vigilance and calls the government to resist fiscal relaxation pressure.
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