articles | 23 November 2016

Cyprus says real economy on a strong recovery path

Finance Minister Harris Georgiades said recently that the island's real economy is on a path of strong recovery.

“The real economy is the one that has embarked on a strong recovery path” he told the press, adding that “the growth rate of 3% reflects exactly that, the state of the real economy”.

“The fact that all the productive sectors contribute to this recovery makes us feel satisfied,” he said, adding, however, that “we must not forget that we went through a prolonged and deep recession and therefore we still have a long way to go”.

“We need to sustainand strengthen the conditions of stability and trust that have contributed to development prospects” he noted.

Source: InCyprus

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