The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%, compared to the March 2024 forecast, in its June 2024 Economic Bulletin, stressing that based on the data available so far, any impact from the Middle East conflict "is limited", while the risks of GDP projections deviating from the baseline scenario for 2024 "overall tend to be balanced."