Economic Analysis

Cyprus Quarterly Economic Outlook – July 2018

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Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: July 2018, Year 3, Issue 2 Key Points The domestic banking sector map is redrawn as Cyprus Cooperative Bank (CCB) is liquidated CCB’s performing assets are absorbed by Hellenic Bank CCB’s NPEs under a new state-owned entity New shareholders in Hellenic Bank to strengthen its capital base An “ESTIA” scheme…

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Economic Analysis

Cyprus Quarterly Economic Outlook – March 2018

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Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: March 2018, Year 3, Issue 1 Key points The re-election of President Anastasiades ensures policy continuity for the next five years, yet new challenges appear driven by rising public expectations In Q4-2017 the economy expanded by 3.9% on an annual basis, bringing the full year performance to 3.9% – the…

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Economic Analysis

Cyprus Quarterly Economic Outlook – December 2017

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Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: December 2017, Year 2, Issue 5 Key points The solid economic performance continues into the fourth quarter of 2017 with particularly visible positive signals emanating from the property market In Q3-2017 the economy expanded by 3.9% on an annual basis, bringing the 9M-2017 performance to 3.8% Rating agencies continue to…

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Economic Analysis

Cyprus Quarterly Economic Outlook – October 2017

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Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: October 2017, Year 2, Issue 4 Key points During 2015 and 2016 the Cypriot economy expanded much faster than previously perceived, with the Cyprus Statistical Service revising the GDP growth rate up to 2.0% and 3.0% respectively, from the earlier estimates of 1.7% and 2.8% In 2017 Q2 the economy…

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Economic Analysis

Cyprus Quarterly Economic Outlook – August 2017

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Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: August 2017, Year 2, Issue 3 Key points: The economy expanded in Q1-2017 by 3.3% on an annual basis, the fastest pace in the post-Lehman period The economy’s solid performance continued into the second quarter of 2017 with encouraging signs across most sectors, including the real estate sector Cyprus tapped the international markets…

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Economic Analysis

Cyprus Quarterly Economic Outlook – May 2017

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Cyprus Quarterly Economic Monitor Authors: G. Hardouvelis, I. Gkionis Publication: May 2017, Year 2, Issue 2 Key points: The economy’s solid performance continued into the fourth quarter of 2016 and in the first months of 2017 with encouraging signs across most sectors, including the real estate sector Since mid-2016 Cypriot government bond yields have defied the upward trend of the…

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Economic Analysis

Cyprus Quarterly Economic Outlook: The Cypriot Economy in 2016 – February 2017

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Cyprus Quarterly Economic Outlook: The Cypriot Economy in 2016 Authors: G. Hardouvelis, I. Gkionis Publication: February 2017, Year 2, Issue 1 Key points: In 2016 the Cypriot economy took off, solidifying and speeding up the previous year’s recovery, leaving far behind the crisis years In 2016 Cyprus also exited the 2013 Economic Adjustment Program There is consensus among private and official forecasters…

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Economic Analysis

Cyprus Quarterly Economic Monitor – June 2016

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Cyprus Quarterly Economic Monitor Authors: G. Hardouvelis, I. Gkionis Publication: June 2016, Year 1 |Issue 1 Key points:  In March 2016, Cyprus became the third EMU country under surveillance to exit its Economic Adjustment Program, two months before the official expiration date, with no need to withdraw the full ClObn available credit Cyprus’ success in exiting the Program was driven…

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