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The Cyprus Composite Leading Economic Index1 (CCLEI) recorded a year-over-year growth rate in December. The positive contribution was because of a year-over-year improvement in December of the Economic Sentiment Indicator (ESI).”More specifically, although the Economic Sentiment Indicator (ESI) in the euro area, including Cyprus, deteriorated in November compared to October 2020, in December it recorded a year-over-year improvement, contributing positively to the year-over-year growth rate of the CCLEI”, a bulletin issued by the University of Cyprus’ Economics Research Centre and Hellenic …
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