cf82ca4c6f057fef6fc64e17a1a7bb62f5e6709f

Cyprus economy shrinks 0.4% in Q3

A worker puts up a Bank of Cyprus sign to replace the sign of Laiki (Popular) Bank at one of the failed bank's branches in Nicosia, on May 23, 2013Cyprus’s recession-hit economy contracted by 0.4 percent in the third quarter, matching the drop of the previous three months, official figures showed on Friday. It was the 13th successive negative quarter for the Mediterranean island’s battered economy, according to a flash estimate from the state statistical service, which also revised the second quarter drop to 0.4 percent from its initial estimate of 0.3 percent. The eurozone economy is still showing its slowest rate of decline since the first quarter of 2012. International lenders have revised down their contraction forecast for this year from 4.8 percent to 4.2 percent.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article