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Cyprus' GDP Shrinks 4.4% in Q1 of 2013.

Summary: TEHRAN (FNA)- Cyprus' GDP growth rate recorded a decrease of 4.4% during the first three months of the year and reached 3.47bln euro compared with 3.63bln in the corresponding quarter of 2012.

Figures released Friday by the Statistical Service show that the GDP growth rate in real terms during the first quarter of 2013 is negative and estimated at -4.4% over the corresponding quarter of 2012.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at -4.3% and has decreased to 3.23bln euro compared with 3.37bln in the first quarter of 2012, Cyprus News Agency reported.

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Publication:FARS News Agency
Date:Jun 9, 2013
Words:126
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