Minister of Finance: GDP-growth data confirm soundness of government policies
In a written statement after the publication of the data for economic growth by Eurostat which showed that the Cypriot economy contracted by 5.1% in 2020, Minister of Finance Constantinos Petrides said: “The data concerning the real GDP growth rate in 2020 confirm the soundness of the government policies to support businesses and employees. The Cypriot economy’s resilience amid the coronavirus pandemic. The contraction was significantly lower that the forecasts made during the year, and the Cyprus GDP contraction in 2020 was significantly lower compared with the Eurozone average (-6.8%) and the EU (-6.4%)”. […]
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