Welcome back to Stockhouse
Member Sign In

Email or Username:

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Enter your email address:
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

Get our best content in your email.

You are already a member! Please enter your password to sign in.

IMF says Cyprus economic outlook uncertain, faces risk of even deeper recession

Canadian Press, The Canadian Press
0 Comments| May 17, 2013

WASHINGTON - The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default.

A new IMF report predicted a deep recession in Cyprus this year and next and said there is a danger that the downturn could be even more severe if authorities do not adhere strictly to conditions imposed as part of the $13 billion bailout deal.

© The Canadian Press, 2013

Rate this article
3 stars




No comments yet. Be first to comment!

Leave a Message

You must be logged in to access this feature.

Related News