Cyprus Upgrades Credit Rating, Path to Financial Health

Cypruss economic outlook upgraded to positive by S&P Global Ratings, reflecting strong debt reduction efforts and a thriving services sector. The countrys external debt is expected to strengthen, driven by public and private debt reduction and robust exports. Cypruss net general government debt is falling, with projected budget surpluses and a decrease in debt to GDP ratio by 2028. The services sector, particularly tourism and IT, is driving economic growth, painting a promising future for the country.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.