Breaking news

Cyprus GDP to Grow 3.7% in 2024—Here’s What to Expect in 2025-2026

by THEFUTURE.TEAM

January 30, 2025

Cyprus’ economy gained momentum in 2024, with real GDP growth revised up to 3.7%, an upward adjustment of 0.2 percentage points, according to the latest Economic Outlook from the Economics Research Centre (CypERC) at the University of Cyprus. Growth is projected to remain solid but moderate in the coming years, with forecasts of 3.3% in 2025 and 3% in 2026.

Economic Drivers Behind The Growth

The upward revision is attributed to stronger-than-expected performance in Q3 2024, alongside positive economic indicators in Q4. The labour market’s resilience, disinflationary trends, and monetary policy easing in the eurozone have further bolstered the outlook.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Other forecasts align with this trajectory. The Central Bank of Cyprus estimates 3.7% GDP growth in 2024, while the European Commission projects 3.6%. Looking ahead to 2025, both institutions anticipate a deceleration, with the Central Bank forecasting 3% and the European Commission predicting 2.8%. In 2026, the Central Bank expects a slight uptick to 3.1%, whereas the European Commission foresees a continued slowdown to 2.5%.

Inflation And Market Conditions

Inflation is expected to remain subdued, with CPI inflation forecast at 1.7% in 2025, a 0.4 percentage point drop from previous estimates due to lower-than-expected inflation in late 2024. For 2026, inflation is projected to edge lower to 1.6%.

Key factors shaping the inflation outlook include:

Falling international oil prices
A slowdown in inflation during H2 2024
Restrictive financing conditions
Lower selling price expectations, particularly in services

Risks And Uncertainties

CypERC highlights downside risks to the growth outlook, particularly amid rising geopolitical tensions and uncertainties in global trade policies. Conversely, inflation risks remain tilted to the upside, as external shocks and supply chain disruptions could drive price pressures higher.

As Cyprus navigates 2025 and beyond, the economy remains on a steady expansion path, though global and regional developments will play a crucial role in shaping its trajectory.

The Future Forbes Realty Global Properties

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

by THEFUTURE.TEAM

January 26, 2026

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.