Here's The Official Projection For How Much The Cyprus Economy Is Going To Get Crushed This Year

After a bailout that decimated the country’s banking system, the EU has just put out an official projection for what the Cypriot economy is expected to do this year.

The projection is part of a bigger set of projections, which can be found here.

As for Cyprus, look for shrinkage of just under 9%.


NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at