Cyprus Business Now: IMF forecast, budget surplus, Paphos tourism, export efforts

The International Monetary Fund (IMF) on Tuesday revised down its forecast for Cyprus’ economic growth, projecting a rate of 2.5 per cent of GDP in 2025.

This is significantly lower than its previous estimate of 3.1 per cent. For 2026, the IMF expects a modest rebound to 2.7 per cent. These projections diverge from those of the Cypriot Finance Ministry, which has forecast growth of 3.1 per cent in 2025