Briefing Notes
Assessing the potential impact of a strike on GDP growth rate: Cement Industry Workers’ strike in Cyprus
A study by the Fiscal Council examining the possible economic impact of the ongoing strike in the cement sector in Cyprus. The strike, which began on 7 November 2024, has caused significant delays in construction activity. The study, using data from the Cyprus Statistical Service and forecasting models, estimates the likely decline in GDP for the fourth quarter of 2024. The analysis highlights the importance of the construction sector to the Cypriot economy and the potential risks of protracted labour disputes. Read more in the article below......
