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Cyprus Fiscal Council: Press release on Autumn Report

Cyprus Fiscal Council: Press release on Autumn Report
The macroeconomic environment during the first three quarters of 2020 deteriorated in relation to the same period of 2019.
 
Recent developments in connection with the current Citizenship-by-Investment programme, leading to the programme's termination, as well as the rise in coronavirus cases both in Cyprus and in major trading partners, will no doubt adversely impact the trajectory of the economy and thus public finances. At this stage quantifying these impacts is subject to a great deal of uncertainty.

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