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Cyprus / Economy: Growth of 12.9% in the second quarter of 2021

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Cyprus / Economy: Growth of 12.9% in the second quarter of 2021

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

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