Tag: economy. troika

01 January 2015 Cyprus economy in 2015: will we see growth at last?

The year 2015 is one in which the economy is supposed to return to growth of 0.4% after three consecutive years of decline.
This is what the government says, this is what the Troika says and this, plus another percentage point, is what the Central Bank governor says.
The apparent consensus tells us less than it might seem. When you are in a Troika bailout programme you slavishly repeat the Troika’s forecasts whether you believe them or not.