Minister of Finance Mr. Makis Keravnos announced that Cyprus’s growth rate for 2025 is estimated at 4.8%, exceeding the initial forecast of 3.8%, reflecting successful policy implementation.
Minister of Finance Mr. Makis Keravnos emphasized the importance of statistics for economic policy formulation in Cyprus. He stated that the country’s economic indicators, provided by the Statistical Service, are accurate and support sound forecasting.
He noted that the government adopts a conservative approach, considering geopolitical developments, especially in the current challenging period.
Mr. Keravnos announced that the actual growth rate for 2025 is estimated at 4.8%, compared to the initial estimate of 3.8%. This indicates successful policy implementation aimed at exceeding targets and generating wealth.
The Minister highlighted that higher growth rates benefit the public by creating wealth, which the government seeks to distribute more equitably through ongoing policies and reforms.
