{"id":372,"date":"2014-11-10T11:52:19","date_gmt":"2014-11-10T11:52:19","guid":{"rendered":"http:\/\/kme.com.cy\/?p=372"},"modified":"2014-11-10T11:52:19","modified_gmt":"2014-11-10T11:52:19","slug":"economic-situation-in-cyprus","status":"publish","type":"post","link":"https:\/\/kme.com.cy\/?p=372","title":{"rendered":"Economic situation in Cyprus"},"content":{"rendered":"<p>The Commission publishes macroeconomic forecasts for the EU and the Member States three times a year, in the spring (May), in the autumn (November) and in the winter (February). These forecasts are produced by the Directorate-General for Economic and Financial Affairs (DG ECFIN).<\/p>\n<table class=\"big_search\" width=\"555\">\n<tbody>\n<tr>\n<th colspan=\"5\">European Economic Forecast Autumn 2014<\/th>\n<\/tr>\n<tr>\n<th>Forecasts for Cyprus<\/th>\n<th>2013<\/th>\n<th>2014<\/th>\n<th>2015<\/th>\n<th>2016<\/th>\n<\/tr>\n<tr>\n<td>GDP growth (%, yoy)<\/td>\n<td>-5.4<\/td>\n<td>-2.8<\/td>\n<td>0.4<\/td>\n<td>1.6<\/td>\n<\/tr>\n<tr>\n<td>Inflation (%, yoy)<\/td>\n<td>0.4<\/td>\n<td>-0.2<\/td>\n<td>0.7<\/td>\n<td>1.2<\/td>\n<\/tr>\n<tr>\n<td>Unemployment (%)<\/td>\n<td>15.9<\/td>\n<td>16.2<\/td>\n<td>15.8<\/td>\n<td>14.8<\/td>\n<\/tr>\n<tr>\n<td>Public budget balance (% of GDP)<\/td>\n<td>-4.9<\/td>\n<td>-3.0<\/td>\n<td>-3.0<\/td>\n<td>-1.4<\/td>\n<\/tr>\n<tr>\n<td>Gross public debt (% of GDP)<\/td>\n<td>102.2<\/td>\n<td>107.5<\/td>\n<td>115.2<\/td>\n<td>111.6<\/td>\n<\/tr>\n<tr>\n<td>Current account balance (% of GDP)<\/td>\n<td>-1.3<\/td>\n<td>-1.2<\/td>\n<td>-0.6<\/td>\n<td>-0.0<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td colspan=\"4\">4 November 2014<br \/>European Commission<br \/>European Economy  7|2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>The Commission publishes macroeconomic forecasts for the EU and the Member States three times a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-372","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic situation in Cyprus | KME Chartered Accountants<\/title>\n<meta name=\"description\" content=\"The Commission publishes macroeconomic forecasts for the EU 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