Cyprus Economy Poised for Robust 2.9 Percent Growth in 2025, IMF Forecasts

by THEFUTURE.TEAM

October 15, 2025

IMF Report Endorses Cyprus’s Economic Resilience

Finance Minister Makis Keravnos welcomed the International Monetary Fund’s latest forecasts as a clear affirmation of Cyprus’s prudent fiscal strategy and continued economic resilience. Speaking at the Presidential Palace following a cabinet meeting, the minister noted that the IMF’s conservative projections actually underscore the nation’s strong economic fundamentals.

Conservative Projections Validate Government Estimates

Keravnos highlighted that IMF forecasts, typically cautious by nature, confirm the government’s optimistic outlook, with the fund now projecting a 2.9 percent GDP growth rate in 2025, slightly above previous estimates. The IMF also anticipates a sustained performance into 2026 with a 2.8 percent expansion, reflecting the country’s commitment to fiscal discipline and stable growth amid global economic uncertainties.

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Favorable Outlook on Inflation and Employment

The latest IMF forecast projects an inflation decline to a mere 0.7 percent in 2025—the lowest rate in the euro area—before modestly rising to 1.3 percent in 2026. Moreover, unemployment is expected to remain robustly low, around 4.5 percent, with fiscal surpluses averaging approximately 3 percent of GDP over the period from 2025 to 2028. These figures underpin the governmental claim that the country’s measured policies are successfully weathering global headwinds.

Global Perspectives and Domestic Strength

While the IMF warns of a slight slowdown in global economic growth—from 3.3 percent in 2024 to 3.1 percent by 2026—the report positions Cyprus among the euro area’s more stable economies. The nation’s domestic demand and thriving services sector continue to buoy growth, even as challenges such as expanding current account deficits, driven by increased imports and heightened service activity, loom on the horizon.

Strategic Implications for Policy and Investment

The IMF’s favorable economic outlook for Cyprus lends credence to both governmental forecasts and the strategic initiatives that have been instrumental in steering the economy through turbulent times. This robust projection not only reassures investors of Cyprus’s economic trajectory but also reinforces the importance of disciplined policy measures in sustaining long-term growth, especially amidst global economic volatility.

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Copyright Law Struggles To Keep Up With AI Training

by News Editor

August 24, 2026

Courts Are Still Applying Old Copyright Rules To AI

AI companies train models on enormous amounts of published material, including books, articles and academic research. Whether using that content without authors’ permission violates copyright law remains unresolved.

Much of the debate centres on fair use, which allows copyrighted material to be used without permission in certain circumstances. Courts consider factors such as the purpose of the use, how much material was involved and its impact on the original market.

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Anthropic Case Sets An Important Precedent

A major case involving Anthropic and a group of authors provided one of the clearest rulings so far. Judge William Alsup found that using copyrighted books to train AI models was lawful, comparing the process to people reading and studying literature before creating something new.

Anthropic was nevertheless ordered to pay $1.5 billion in a settlement. The penalty concerned books the company had obtained from illegal online libraries rather than the AI training itself.

For AI companies, that distinction could prove significant because it separates studying copyrighted material from directly copying it.

Competition Could Be The Key Issue

A case involving Thomson Reuters and Ross Intelligence offers a different perspective. A court ruled that Ross could not claim fair use after using Reuters’ copyrighted material to develop a competing AI-powered legal research platform.

The decision suggests courts may be less willing to consider AI training fair use when copyrighted content is used to build a product that directly competes with the original.

For authors, an unresolved question is whether AI-generated content should be considered competition for the works used to train these models.

The Law Has Yet To Catch Up

US copyright law predates generative AI by decades, leaving courts to apply old principles to new technology. Questions also remain over copyright protection for AI-generated works. In Thaler v. Perlmutter, a court ruled that material created entirely by AI cannot receive copyright protection.

Major AI companies remain involved in copyright litigation, and different courts could reach different conclusions. For now, there is no universal rule: the legality of AI training will depend on the circumstances of each case and how courts ultimately interpret copyright and fair use.

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