{"id":4343,"date":"2017-10-01T19:21:14","date_gmt":"2017-10-01T16:21:14","guid":{"rendered":"http:\/\/hardouvelis.com\/?p=70"},"modified":"2023-08-02T16:09:21","modified_gmt":"2023-08-02T13:09:21","slug":"cyprus-quarterly-economic-outlook-october-2017","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/cyprus-quarterly-economic-outlook-october-2017\/","title":{"rendered":"Cyprus Quarterly Economic Outlook &#8211; October 2017"},"content":{"rendered":"<p><strong>Cyprus Quarterly Economic Outlook<\/strong><br \/>\nAuthors: G. Hardouvelis, I. Gkionis<br \/>\n<em>Publication: October 2017, Year 2, Issue 4<\/em><\/p>\n<h3><span class=\"fontstyle0\">Key points<\/span><\/h3>\n<ul>\n<li><span class=\"fontstyle0\">During 2015 and 2016 the Cypriot economy expanded much<br \/>\nfaster than previously perceived, with the Cyprus Statistical<br \/>\nService revising the GDP growth rate up to 2.0% and 3.0%<br \/>\nrespectively, from the earlier estimates of 1.7% and 2.8%<\/span><\/li>\n<li><span class=\"fontstyle0\">In 2017 Q2 the economy expanded by 3.5% on an annual<br \/>\nbasis, bringing the 1H-2017 performance to 3.6%<\/span><\/li>\n<li><span class=\"fontstyle0\">The solid economic performance continues into the third<br \/>\nquarter of 2017 with particularly visible positive signals<br \/>\nemanating from the property market<\/span><\/li>\n<li><span class=\"fontstyle0\">Cyprus is an inch away from investment grade status with<br \/>\nS&amp;P upgrading the outlook of Cyprus from stable to positive<br \/>\nwithin the long-term sovereign rating of BB+<\/span><\/li>\n<li><span class=\"fontstyle0\">Fiscal performance is impressive for an election year as the<br \/>\ngeneral government primary balance came to 2.3% of GDP in<br \/>\nthe first eight months of the year<\/span><\/li>\n<li><span class=\"fontstyle0\">NPEs remain the single largest vulnerability of the economy<br \/>\nwith banks lagging slightly behind the Central Bank\u2019s<br \/>\nrestructuring targets for 2017 Q1<\/span><\/li>\n<\/ul>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2018\/06\/QUARTERLY-ECONOMIC-MONITOR_EUROBANK-CYPRUS_OCTOBER_2017_Issue_4.pdf\">Download Cyprus Quarterly Economic Outlook, Year 2, Issue 4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: October 2017, Year 2, Issue 4 Key points During 2015<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3259,9],"tags":[],"yst_prominent_words":[101,102,96,95,2340,48,2345,111,115,116,1683,107,114,105,103,104,97,2342],"class_list":["post-4343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cypriot-economy-analysis","category-economic-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/4343","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/comments?post=4343"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/4343\/revisions"}],"predecessor-version":[{"id":4368,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/4343\/revisions\/4368"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media\/4399"}],"wp:attachment":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/media?parent=4343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=4343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=4343"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=4343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}