Deputy Tourism Minister Costas Koumis on Sunday said he is “moderately optimistic” over the future of tourism in Cyprus, despite the uncertainty for the lobal economy created by the announcement of sweeping tariffs by United States President Donald Trump earlier in the week.
“In essence, a global trade dispute has just begun, which makes the future of the global economy uncertain. It is still relatively early to make predictions, and caution is required,” he began.
He added that the tariffs are “expected to lead to a slowdown in growth in several countries” and that the resultant rises in inflation will negatively impact people’s purchasing power, “and therefore potential visitors”.
Additionally, he said,…
