Cyprus ranked 3rd on the list of the fastest growing European Economies, according to the latest data released by Eurostat. In total 21 countries out of 28 reported positive growth in the latest batch of quarterly GDP figures, showing a slow but consistent growth across Europe.
The seasonally adjusted figures show Bulgaria and Portugal as top performers with 0.8% growth, closely followed by Cyprus, at 0,7%. The Netherlands, Slovakia and Spain follow with 0.7%. The larger EU economies fared less well. German growth fell to 0.2%, the same as France. The UK grew by 0.5%
For the first time in a year, no economy has shown a fall in GDP. Instead, all have grown between 0.1% and 0.8% compared with the second quarter of 2016. GDP rose 0.4% in the EU as a whole during the third quarter of 2016, compared with the previous quarter.
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