Cyprus' economy expands 3.9% in Q4

Cyprus' economy expands 3.9% in Q4
The growth rate of Cyprus' economy in the fourth quarter of 2017 was positive, estimated at 3.9%, compared to the corresponding quarter of 2016, after taking into account GDP and seasonal fluctuations.

The economic output in October to December grew 1.2 per cent, compared to the third quarter of last year, according to Cyprus Statistical Service, CyStat, with the rate figure of the fourth quarter of 2017, slightly below the February 14, flash estimate, which was 4%.

The growth rate is attributed mainly to the hospitality industry, retail and wholesale trade, construction and manufacturing./IBNA

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