articles | 14 November 2014

Cyprus Q3 GDP contracts 0.4%

Cyprus’s economy contracted by 0.4% in the third quarter from the second, preliminary data shows, while output on the island nation declined 2.0% on a yearly basis.

Authorities also revised the depth of contraction for the second quarter to 0.4% on a quarterly basis from a previously reported 0.3%, and the annual decline to 2.2% from 2.5%.

Source: Cyprus Mail

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