GDP growth rate

Cyprus economy sees highest growth rate in five quarters

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Cyprus economy sees highest growth rate in five quarters

The Cypriot economy exhibited its highest growth rate in the last five quarters during the first quarter of 2024, with Gross Domestic Product (GDP) increasing by 3.5 per cent compared to the same quarter of 2023.

Q1 growth rate seen at 3.5%

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Q1 growth rate seen at 3.5%

The Cyprus economy’s growth rate in real terms during the first quarter of 2024 is positive, with a gross domestic product estimated at 3.5% year-on-year according to Cystat.