{"id":4344,"date":"2018-03-01T19:36:17","date_gmt":"2018-03-01T17:36:17","guid":{"rendered":"http:\/\/hardouvelis.com\/?p=78"},"modified":"2023-08-02T16:10:09","modified_gmt":"2023-08-02T13:10:09","slug":"cyprus-quarterly-economic-outlook-year-3-march-2018","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/cyprus-quarterly-economic-outlook-year-3-march-2018\/","title":{"rendered":"Cyprus Quarterly Economic Outlook &#8211; March 2018"},"content":{"rendered":"<p><strong>Cyprus Quarterly Economic Outlook<\/strong><br \/>\nAuthors: G. Hardouvelis, I. Gkionis<br \/>\n<em>Publication: March 2018, Year 3, Issue 1<\/em><\/p>\n<p><strong>Key points<\/strong><\/p>\n<ul>\n<li>The re-election of President Anastasiades ensures policy continuity for the next five years, yet new challenges appear driven by rising public expectations<\/li>\n<li>In Q4-2017 the economy expanded by 3.9% on an annual basis, bringing the full year performance to 3.9% \u2013 the highest during the post-Lehman decade \u2013 up from 3.4% in 2016 and 2% in 2015<\/li>\n<li>Most forecasters believe the Cypriot economy is at its cyclical peak to be followed by a slightly lower GDP growth in 2018, yet we think risks to the upside are also present thanks to an investment boom<\/li>\n<li>Rating agencies began a new round of sovereign reviews: S&amp;P maintained unchanged its long-term sovereign rating of BB+ with a positive outlook<\/li>\n<li>Sustainable medium-term growth requires tackling head on the legacy issues of the previous crisis:<\/li>\n<\/ul>\n<p style=\"padding-left: 30px;\">o\u00a0\u00a0 Stabilize the cooperative banks and speed up the reduction of non-performing loans<\/p>\n<p style=\"padding-left: 30px;\">o\u00a0\u00a0 Generate political consensus in order to implement the remaining structural reforms in the MoU<\/p>\n<p style=\"padding-left: 30px;\">o\u00a0\u00a0 Maintain solid fiscal performance also with an eye to further bring down public debt<\/p>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2018\/06\/QUARTERLY-ECONOMIC-MONITOR_EUROBANK-CYPRUS_March_2018_Year_3_Issue_1.pdf\" target=\"_blank\" rel=\"noopener\">Download Cyprus Quarterly Economic Outlook, Year 3, Issue 1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cyprus Quarterly Economic Outlook Authors: G. Hardouvelis, I. Gkionis Publication: March 2018, Year 3, Issue 1 Key points The re-election<\/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":[479,2344,2341,2339,102,96,95,2340,48,2345,111,72,107,2343,105,103,1687,104,97,2342],"class_list":["post-4344","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\/4344","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=4344"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/4344\/revisions"}],"predecessor-version":[{"id":4366,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/4344\/revisions\/4366"}],"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=4344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=4344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=4344"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=4344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}