EIU fore­casts slow­down, car tax trou­ble

Financial Mirror (Cyprus) - - FRONT PAGE -

The Econ­o­mist In­tel­li­gence Unit ex­pects GDP growth to slow down to 3.4% in 2006 from 3.8% in 2005, due to a fall in tourism from the UK, while the tax im­posed on used car im­ports from the EU has stirred trou­bles in Brus­sels, ac­cord­ing to the is­sue 667, on April 19, 2006.

The EIU fore­cast in its March country re­port that real GDP growth will slow from 3.8% to 3.4% in 2006, due to a slow­down in do­mes­tic de­mand in the UK that will im­pact the tourism sec­tor.



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