Final data released by the Statistical Service of the Republic of Cyprus showed Friday that the economy remained in recession in the first quarter of 2012 and the gross domestic product fell slightly faster than previously estimated.
On a seasonally and working day adjusted basis, GDP fell 0.4 percent quarter-on-quarter compared to the 0.3 percent decline estimated earlier. In the fourth quarter, GDP fell 0.3 percent.
Year-on-year, GDP dropped 1.6 percent in the first quarter, slightly faster than the previous estimate of 1.5 percent decline. In the December quarter, GDP was down 0.8 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.