Cyprus Central Bank Forecasts Economic Growth Moderation by 2026

July 4, 2026

The Central Bank of Cyprus projects that the nation's economic growth will gradually slow down, reaching 2.8% in 2024, followed by 2.9% in 2025, and a further decrease to 2.8% by 2026. This anticipated moderation follows a robust expansion of 4.9% in 2023, primarily fueled by strong domestic demand, particularly in private consumption and investment.