According to the Preliminary Estimation (Flash Estimate) of the Statistical Service, the growth rate of the economy in the second quarter of 2021 is positive and is estimated at 12.8% compared to the corresponding quarter of 2020. After the correction of GDP in terms of seasonal fluctuations and working days, the growth rate is estimated at 12.9%.
The positive GDP growth rate is mainly due to the sectors: “Hotels and Restaurants”, “Construction”, “Processing”, “Transport, Warehousing and Communications”, “Wholesale and Retail Trade, Motor Vehicle Repair”, “Arts, Entertainment and Recreation” ”,“ Other Service Activities ”.
Source: politis.com.cy
