{"id":984,"date":"2017-12-13T14:43:09","date_gmt":"2017-12-13T14:43:09","guid":{"rendered":"http:\/\/hardouvelis.gr\/?p=984"},"modified":"2017-12-13T14:43:09","modified_gmt":"2017-12-13T14:43:09","slug":"economy-cyprus-overview","status":"publish","type":"post","link":"https:\/\/hardouvelis.gr\/el\/economy-cyprus-overview\/","title":{"rendered":"The Economy of Cyprus: An Overview"},"content":{"rendered":"<p class=\"qtranxs-available-languages-message qtranxs-available-languages-message-el\">\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 <a href=\"https:\/\/hardouvelis.gr\/en\/wp-json\/wp\/v2\/posts\/984\" class=\"qtranxs-available-language-link qtranxs-available-language-link-en\" title=\"English\">English<\/a>. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.<\/p><p><strong>The Economy of Cyprus: An Overview<\/strong><br \/>\nAuthors: G. Hardouvelis, C. Vorlow, E. Davradakis, E. Georgopoulos, I. Gkionis, T. Sabaniotis<br \/>\n<em>Publications: Economy &amp; Markets, Issue 9, Volume 2, November 2007<\/em><\/p>\n<p><strong>Key points:\u00a0<\/strong><\/p>\n<ul>\n<li>Euro area membership as of January 2008 is expected to promote\u00a0Cyprus as an international business hub in the Eastern Mediterranean.<\/li>\n<li>The favorable macroeconomic environment, the continued rise in loan\u00a0demand and the containment of operating costs contribute to strong\u00a0bank profitability.<\/li>\n<li>The rebound in the sectors of financial intermediation and tourism\u00a0together with the hot property market underpins the recent growth\u00a0performance of 3.8%.<\/li>\n<li>Fiscal consolidation is on track with the general government deficit\u00a0declining from 6.3% of GDP in 2003 to 1.5% in 2006, and the\u00a0government debt from 69% of GDP in 2003 to 65% in 2006.<\/li>\n<li>The current account deficit deteriorated from 2.0% of GDP in 2003 to\u00a05.9% in 2006, reflecting higher oil prices and strong domestic\u00a0consumer demand.<\/li>\n<li>VAT harmonization is expected to add one percentage point to inflation\u00a0in 2008-2009.<\/li>\n<\/ul>\n<p><a href=\"http:\/\/hardouvelis.gr\/wp-content\/uploads\/2017\/12\/Eurobank-Research-Economy-Markets-Special-Focus-on-Cyprus.pdf\">Download The Economy of Cyprus: An Overview pdf<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>\u0395\u03b3\u03b3\u03c1\u03b1\u03c6\u03ae \u03b4\u03b9\u03b1\u03b8\u03ad\u03c3\u03b9\u03bc\u03b7 \u03c3\u03c4\u03b1 English. For the sake of viewer convenience, the content is shown below in the alternative language. You<\/p>\n","protected":false},"author":1,"featured_media":4399,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,9],"tags":[],"yst_prominent_words":[1684,1730,102,1728,1688,1731,111,1729,1726,335,1683,1727,1504,1732,1676],"class_list":["post-984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyprus-and-international","category-economic-analysis"],"acf":[],"_links":{"self":[{"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/984","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=984"}],"version-history":[{"count":1,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/984\/revisions"}],"predecessor-version":[{"id":987,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/posts\/984\/revisions\/987"}],"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=984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/categories?post=984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/tags?post=984"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/hardouvelis.gr\/el\/wp-json\/wp\/v2\/yst_prominent_words?post=984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}