Cyprus trims 2025 GDP growth forecast to 3.1 per cent

The Central Bank of Cyprus (CBC) on Friday made a slight downward revision to the country’s growth forecast for 2025, adjusting it to 3.1 per cent from 3.2 per cent in March.

At the same time, a significant reduction in the inflation estimate was also recorded, now set at 1.5 per cent from the previous 2.1 per cent.

The CBC said in its announcement that the projections were completed before the recent conflicts between Israel and Iran, and thus, any related economic impacts are not included.