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Cyprus Finance Minister Constantinos Petrides told CNA on Monday that the government maintains its projection that the economy would shrink by 11 percentage points year on year due to the shock caused by the coronavirus. Cyprus GDP grew by 0.8% in the first quarter but shank by an annual 11.9% in Q2 that included the full effects of a two-month lockdown that hampered financial activity while travel restrictions wiped out tourist arrivals to Cyprus. “Having analysed the data of the first half …
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