Rating agencies began to measure the effects of the new crisis in the Middle East on the Cypriot economy. The first estimate is that the range of effects will depend on the duration of the war. At the same time, they estimate that the country’s strong fiscal position is a powerful weapon for absorbing any shocks. In particular, senior analysts of the rating agencies Fitch and DBRS with their statements to “Π” point out that the expected higher rate of inflation in the Eurozone is not expected to lead to a significant slowdown in development in Cyprus, making reference, however, to the significant effects that a prolonged crisis may have on tourism and investments. Negatively, it contributes equally, under…
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