305d3b5393867ac6d6a2104fb627e79af4722c0c

Cyprus posts first quarterly growth in nearly 4 years

Cyprus has endured 14 successive quarters of contraction, but new data shows the economy grew in the first quarterThe Cypriot economy grew in the first quarter for the first time in nearly four years, with official figures released on Wednesday showing an expansion of 1.6 percent. It came as EU statistics showed that the eurozone economy as a whole had expanded by 0.4 percent in the first quarter, with a surprising performance by France where growth exceeded powerhouse Germany’s. It was the first time the Cypriot economy had grown since the second quarter of 2011 and came after a contraction of 0.4 percent in the fourth quarter of 2014. Earlier this month, the European Commission forecast Cyprus’s economy would contract 0.5 percent this year and grow 1.4 percent in 2016.

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