Cyprus Central Bank Slashes Growth Outlook, Triples Inflation Forecast Due to Middle East Conflict
The Central Bank of Cyprus has significantly cut its economic growth forecast and sharply raised its inflation outlook for 2026, citing the ongoing Middle East conflict and geopolitical uncertainty as the primary drag on the island’s economy.
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Central Bank warns of slower growth and rising inflation amid Middle East conflict
The ongoing war in the Middle East and geopolitical uncertainty with the following significant increase in the price of oil, is expected to have a direct negative effect on the Cypriot economy, mainly in the short term, the Central Bank warned on Tuesday. It also cautioned that inflation is set to rise in 2026, while […]
Read full article →Iran war forces Cyprus central bank to slash growth outlook and triple inflation forecast
The Central Bank of Cyprus has cut its economic growth forecast and sharply raised its inflation outlook for 2026, citing the war in the Middle East as the primary drag on the island’s economy. In its March macroeconomic forecasts published on Tuesday, the bank projected GDP growth of 2.7% for 2026, down from 3.8% in […]
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