Cyprus stays on course for growth

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy. Despite expectations of a slowdown, the economy is seen avoiding a recession, as indicated by the Economics Research Center (ERC) of the University of Cyprus' Economics Department.

Some 27 percent of population ‘tenants’: TÜİK

The share of the Turkish population in rented houses was 27.2 percent in 2022, rising from 26.8 percent in the previous year, data from the Turkish Statistical Institute (TÜİK) have shown.

The share of the population living in their own dwelling declined from 57.5 percent in 2021 to 56.7 percent last year, according to TİUK's poverty and living conditions survey.

Serbian financial sector expects same one-year-ahead inflation

BELGRADE - According to an Ipsos survey, the Serbian financial sector expects inflation to be 8 pct in March 2024, unchanged relative to the previous six surveys, the National Bank of Serbia (NBS) has said.

In a statement, the central bank said an April Bloomberg survey reported lower one-year-ahead expected inflation (7.0 pct).

Inflation in the UK is Falling but it is still above 10%

Falling wholesale food prices worldwide have not led to a drop in prices set by UK supermarkets, but the British Retail Consortium said that change was about to happen.

Inflation in Britain was expected to fall below 10 percent last month, but rising food prices prevented that from happening and, although there was a slight drop reported, it remained just above 10 percent.

The elephant in the room

In a pre-election period, sober assessments in general - and regarding economic developments in particular - do not prosper. Each party must present them in a light that favors its own narrative to voters, with a certain one-sidedness. The drop in unemployment in Greece is one side of the story.