ECONOMY

Cyprus economy shrinks 0.7 pct in Q4 2011

Cyprus?s economy contracted 0.7 percent in the fourth quarter of 2011 compared with the same period of 2010, the Nicosia-based Cyprus Statistical Service said in a statement on its website on Friday.

That compared with an initial estimate on February 15 of a contraction of 0.5 percent.

[Bloomberg]