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Cyprus economy shrinks 5.7 pct in Q3 2013

Δημοσίευση 16 Νοεμβρίου 2013, 15:42 / Ανανεώθηκε 16 Νοεμβρίου 2013, 15:42
Cyprus economy shrinks 5.7 pct in Q3 2013
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Cyprus’s recession-hit eurozone economy contracted by 5.7 percent in the third quarter of 2013, compared to a year earlier, an official flash estimate said on Thursday.

Cyprus’s recession-hit eurozone economy contracted by 5.7 percent in the third quarter of 2013, compared to a year earlier, an official flash estimate said on Thursday.

The dip marks the eighth successive quarter in which the Mediterranean island’s economy has been in negative territory – but the contraction is slightly lower than the annual 5.8 percent decline registered in May to June.