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9 Kommentare
Certainly doesn’t feel deflationary.
Cyprus also have an extremely good growth rate. The future is very bright! Under current trends it’s only few years before Cyprus becomes a net giver again. That being said deflation isn’t considered healthy. Ideally inflation should be between 2-3% according to most economists, the problem is that some people are less informed and think inflation = bad. That’s not the case.
I really don’t see it happening in stores. But Cyprus is doing extremely well nonetheless, the average salary is growing. Down point are rent prices…
Or, you know, we just didn’t collect any info and just reported last years values and the calculation results in deflation result
Did they exclude rent/ transportation/ electricity: supermarket ?
After the last few years and the high inflation that came with them I think it is good that prices stabilized and maybe now salaries can catch up a bit. That being said long term this is not good. Most economists agree that inflation should be around 2%
It’s quite simple. A lot, a lot of people in Cyprus have amazing salaries, not just some minority that is usually the case in most of the world. And then you almost have no middle class and then you have a lot of people struggling. But since so many people are living very comfortably they skew any if not all statistics.
A question to the locals here, would you say that the political class is pro-middle class and economic policies promoted and executed in Cyprus are middle-class-friendly and not hostile like in other places now around the globe?
Why is Romania not in the list?
Only country to have a positive gdp during Covid lockdown