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The Cyprus Composite Leading Economic Index (CCLEI) recorded a decrease of 8.5% (from year to year) in June 2020 reaching a level of 99.6, after year-over-year reductions of 11.3% in May and 10.6% in April (based on the latest and revised data).According to a press release issued by the Hellenic Bank, the negative year-over-year growth rate of the CCLEI in June 2020 reflects the uncertain environment caused by the pandemic and its effects.Tourism which is one of the main drivers of …
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