Business · Cyprus
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The Central Bank of Cyprus (CBC) has revised its growth forecasts for the Cypriot economy in light of increasing geopolitical tensions, particularly related to developments in the Middle East. In its June 2026 economic bulletin, the CBC lowered its growth projections for 2026 to 2.5% from an earlier estimate of 2.7%, while the forecast for 2027 was adjusted to 2.9% from 3.0%. The central bank indicated that ongoing instability in the region poses significant risks that could further affect economic performance.
The CBC cited a range of potential negative impacts stemming from these geopolitical issues, including inflationary pressures, energy costs, and a decline in tourism. The economic situation has been characterized by an overall slowdown, with recent data pointing to a cautious outlook as the Middle East's turmoil continues to reverberate throughout the region, influencing Cyprus's economy directly. The CBC's assessments reflect growing concerns over how international developments can significantly alter local economic conditions.
5 July
Economic concerns are rising in Cyprus as tensions from wars affect the financial outlook.
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