Cypriot recession persists

Cyprus?s economy contracted 1.6 percent in the first quarter of 2012, the Nicosia-based Cyprus Statistical Service said in a statement on its website on Friday.

That compared with an initial estimate on May 15 of a contraction of 1.5 percent. [Bloomberg]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.