Middle East tensions add pressure to Cyprus economy

Renewed tensions in the Middle East have added another layer of uncertainty for Cyprus, with economist Tassos Yiasemides warning that a prolonged crisis could slow the island’s economic growth.

Speaking to the Cyprus News Agency (CNA), Yiasemides said the latest flare-up in US-Iran relations has brought geopolitical risk back to the centre of the global economic outlook, at a time when markets were only beginning to stabilise after years of trade tensions and inflationary pressure....