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GDP down 5.9%

10/10/2013 11:17
The GDP growth rate in real terms during the second quarter of 2013 is negative and estimated at -5,9% over the corresponding quarter of 2012, announced Wednesday the Statistical Service of Cyprus.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at -5,8%.

Νegative growth rates were recorded by the secondary sector of the economy (Construction, Manufacturing), as well as in the sectors of Tourism, Banking, Trade, Transport and other Services.