COVID19: Lockdown impact to be felt in Q2

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COVID19: Lockdown impact to be felt in Q2
 © FinancialMirror 2020
Cyprus will suffer one of its deepest economic contractions due to COVID-19 lockdown measures, but the easing of restrictions will enable a short, sharp, shock.

This is according to a complex basket of economic indicators, as compiled by the University of Cyprus from local and international data.

The Cyprus Composite Leading Economic Index (CCLEI) compiled in cooperation with Hellenic Bank, showed one of its most significant year-over-year (YoY) reductions in April (7.6%) reaching a level of 104.4 (based on the latest data), said the monthly UCY...


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COVID19: Lockdown impact to be felt in Q2


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Article Tags: covid19, lockdown, impact,