Cyprus's annual economic growth slowed to 4% in the first quarter of the year from 4.3% in the fourth quarter of the previous year, the statistical office said Tuesday. A year ago, the Gross Domestic Product, or GDP, rose 4.5% year-on-year.
However, the economy expanded at a faster pace of 1% quarter-on-quarter, compared to 0.8% growth recorded in the previous quarter. Yet, the growth rate is slower compared to 1.3% increase in the same period of the previous year.
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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.