Cautiously positive is the way one can
describe the findings of the Limassol Chamber Business Barometer (Spring 2021).
Positive, because the depressing picture that appeared in the Autumn 2020, due
to the pandemic and its extensions, has begun to subside. Cautiously, because
the extent to which it has subsided is still very limited, showing that there
is a long way to go before the cumulative effects of the crisis are completely
overcome, and always with the understanding that the health crisis itself will
become a thing of the past.
The complete, detailed results of the
Barometer, which include sectoral analyses, are accessible through the Chamber website
(www.limassolchamber.eu). However, we briefly mention, in the form of
comparisons, the following:
The percentage of those saying they will
open up new jobs short-term short term rose to almost 52%, compared to 35% six
months earlier.
• 58% will make new investments. The
corresponding rate for Autumn 2020 was below 50%.
• 26% predict sales growth; 11%, made a
similar estimate six months earlier.
When asked if their confidence in the prospects of the Cypriot economy has increased, less than 7% answered in the affirmative. Six months earlier only 1% had responded positively. Even so, 7% is still very low. There is little doubt that achieving solid conditions for economic growth and prosperity is still a long way off.