Cyprus economy grows 0.9 percent in Q2| MENAFN.COM

Monday, 04 July 2022 11:35 GMT

Cyprus economy grows 0.9 percent in Q2

(MENAFN) Cyprus' economy recovered strongly in the second quarter of this year, registering a growth of 0.9 percent year-on-year, according to data by the country's statistical service.

The adjusted growth following an expansion of the economy by 0.5 percent in the first quarter of this year was a first positive trend after 11 consecutive years of recession.

Cyprus was pulled back from bankruptcy by the Eurogroup and the International Monetary Fund in March 2013, with a USD11 billion bailout.

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