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Cyprus economy starts rebound, begins to shrug off tourism impact
October 2, 2020
An important economic index shows green shoots of recovery for the Cyprus economy.
“The recovery of the Cyprus Composite Leading Index continues in August and September 2020 from the historically low levels of the crisis,” writes the University of Cyprus Economics Research Centre in a research note released on Wednesday.
Similarly, the Economic Sentiment Indicator (ESI) in the euro area, including Cyprus, recorded an improvement in the third quarter of 2020.