CYPRUS: Fiscal position to improve this year following recent endorsement of austerity measures
CYPRUS: Fiscal position to improve this year following recent endorsement of austerity measures
Emerging Markets Special Focus Reports
15 Μαρτίου 2012
• Domestic economy expected to broadly stagnate this year, with return to more sustained growth seen likely in 2013
• Public finances deteriorated in the past three years due to structural and cyclical factors
• Fiscal position to improve in 2012 on recently-adopted austerity measures
• Cyprus in a better position than other euro area economies to weather the sovereign debt crisis
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