1. Market Research
  2. > Country Economic Forecasts > Cyprus

Country Economic Forecasts > Cyprus

  • November 2016
  • -
  • Oxford Economics
  • -
  • 5 pages

The external sector is expected to have helped economic activity in Q3 as exports improved markedly from Q2. Tourist arrivals and revenues also climbed further thanks to some tourism switching from politically-troubled Turkey to Cyprus. In addition, the weaker euro has also been helping. And economic sentiment has risen to its highest since 2008, pointing to another strong quarter of growth in Q3. As other activity indicators (including tourism) also appear to have gained further ground, we have raised our 2016 growth forecast to 2.6% from 2.2% in September.

Although the growth outlook has improved in the short term, over the medium term Brexit may weigh on growth. Investment, tourism and trade originating from the UK will be the most affected. Moreover, the recovery is vulnerable due to the high ratio of non-performing loans (around 50%) constraining banks' balance sheets, high private sector and sizeable external debt, which leave Cyprus vulnerable to shocks. Finally, the surprise election of Donald Trump in the US adds another layer of uncertainty to the economic outlook.



Table Of Contents

Country Economic Forecasts > Cyprus
Cyprusand#58;


The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.

  1. Highlights and Key Issues - four/five paragraphs of analysis covering the
    main economic and political issues contained in the subsequent Economic Overview
  2. Forecast Table showing % changes for the country - with 2 years of historical
    data and 4 years of forecast data for the followingand#58;
    • Domestic demand
    • Private consumption
    • Fixed investment
    • Stockbuilding (% of GDP)
    • Government consumption
    • Exports of goods and services
    • Imports of goods and services
    • Unemployment
    • Consumer prices
    • Current account balance (US$ and % of GDP)
    • Government budget (% of GDP)
    • Short-term interest rates (%)
    • Long-term interest rates (%)
    • Exchange rate (vs. US dollar)
    • Exchange rate (vs. euro)
  3. Economic Overview - two pages of events-driven analysis highlighting the
    most recent economic activity and, where relevant, political developments of the
    country, detailing significant changes to Oxford Economics' forecasts
  4. Charts and Tables - covering a full range of economic developments relevant
    to the time period covered. These could include such topics asand#58;
    • Contributions to GDP growth
    • Monthly industrial output
    • Business and consumer confidence
    • Unemployment rate
    • Retail sales
    • Prices and earnings
    • Consumption and investment
    • Government balance and debt
    • GDP and industrial production
    • Monetary policy and bond yields
  5. Background Information on the country
    • One or two pages of text covering the main historical political and economic factors
      that determine the country's current position
  6. Key Facts on the country
    • Map of the country
    • Key political facts
    • Long-term economic and social development - changes since 1980
    • Structure of GDP by output - latest year
    • Long-term sovereign credit ratings and outlook
    • Corruption perceptions index- latest year
    • Structural economic indicators - changes since 1990
    • Destination of goods' exports -prior years - latest year
    • Composition of goods andamp; services exports - latest year

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Veronica

+1 718 514 2762

ref:plp2016

Reportlinker.com © Copyright 2016. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.