Cyprus Mail

IMF forecasts slight drop in unemployment for Cyprus

The International Monetary Fund (IMF) sees a return to growth in Cyprus in 2015 and a slight drop in unemployment this year and next.

According to its World Economic Outlook, the IMF sees unemployment in 2014 revised from 19.8 per cent to 19.2 per cent, and 18.4 per cent in 2015.

Cyprus’ GDP is expected to shrink by 4.8 per centin 2014 , while 2015  a growth rate of 0.9 per cent is forecast.

Inflation in 2014 is forecast to remain at the same level as in 2013 , ie 0.4 per cent, and accelerate to 1.4 per cent in 2015 .

Stabilisation is expected in the prices of various utilities such as electricity.


Related posts

Woman arrested in north over stolen wallet

Staff Reporter

Unions delighted with healthcare victory for semi-government organisations

Gina Agapiou

Griffon vulture released into wild after spell in hospital

Gina Agapiou

Cyprus complains after EasyJet lost luggage ends up at airport in north

Evie Andreou

Tests on prison jamming system may affect mobile phone signals nearby

Staff Reporter

Former Orthodox archbishop of Britain dies aged 91

George Psyllides


Comments are closed.