{"id":5683,"date":"2025-03-28T14:03:38","date_gmt":"2025-03-28T14:03:38","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/03\/28\/nimble-dynamic-cyprus-economy-may-grow-2-5-this-year-imf-says\/"},"modified":"2025-03-28T14:03:38","modified_gmt":"2025-03-28T14:03:38","slug":"nimble-dynamic-cyprus-economy-may-grow-2-5-this-year-imf-says","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/03\/28\/nimble-dynamic-cyprus-economy-may-grow-2-5-this-year-imf-says\/","title":{"rendered":"\u2018Nimble, dynamic\u2019 Cyprus economy may grow 2.5% this year, IMF says"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1265398\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/1-1536x1023-1-320x200.jpg?v=1743167689\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/1-1536x1023-1.jpg?v=1743167688\" alt=\"\u2018Nimble, dynamic\u2019 Cyprus economy may grow 2.5% this year, IMF says\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/1-1536x1023-1-960x600.jpg?v=1743167689\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Cyprus has a \u201cnimble and dynamic economy\u201d that should grow about 2.5% this year, the International Monetary Fund said on Friday, while it added that the island should resist any temptation to loosen fiscal policy.<\/p>\n<p>The east Mediterranean island required a bailout from the IMF in 2013 after fiscal slippage and heavy exposure to Greece, which experienced a full-blown debt crisis.<\/p>\n<p>\u201cCyprus has demonstrated impressive resilience to successive shocks,\u201d said Alex Pienkowski, IMF mission chief to Cyprus after a week-long assessment.<\/p>\n<p>At 3.4%, Cyprus\u2019s growth was among the highest in the euro area in 2024, supported by foreign investment and strong tourism arrivals. Growth is expected to moderate to around 2.5% this year and 3% in the medium term, the IMF said.<\/p>\n<p>It said the island\u2019s authorities should continue to reduce public debt and avoid unbudgeted pay sector hikes given that inflationary pressures remain high above 2%.<\/p>\n<p>Near-term risks are tilted to the downside and include potential trade conflicts impacting Cyprus\u2019s main trade partners, an intensification of regional tensions or new energy price shocks, the IMF said. [Reuters]<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/1265398\/nimble-dynamic-cyprus-economy-may-grow-2-5-this-year-imf-says\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyprus has a \u201cnimble and dynamic economy\u201d that should grow about 2.5% this year, the International Monetary Fund said on Friday, while it added that the island should resist any temptation to loosen fiscal policy. The east Mediterranean island required a bailout from the IMF in 2013 after fiscal slippage and heavy exposure to Greece, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"\u2018Nimble, dynamic\u2019 Cyprus economy may grow 2.5% this year, IMF says\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/03\/28\/nimble-dynamic-cyprus-economy-may-grow-2-5-this-year-imf-says\/#more-5683\" aria-label=\"Read more about \u2018Nimble, dynamic\u2019 Cyprus economy may grow 2.5% this year, IMF says\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5684,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2025\/03\/1-1536x1023-1-960x600.jpg?v=1743167689","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-5683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=5683"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/5683\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/5684"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=5683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=5683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=5683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}