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Third Quarter GDP Up 1.7% yr/yr

The third-quarter gross domestic product (GDP) for 2010 is estimated at 1.7 percent versus -2.7 percent in the same period of 2009, said the Cyprus Statistical Service (CYSTAT).

Seasonally adjusted, the economic growth figure in real terms comes in at 1.5 percent, according to the survey.

The survey cites improved performances in the Tourism, Transport, Trade, Services and Banking sectors. However, the construction sector still has 'negative performances', said CYSTAT.

GDP for the second quarter of 2010 was 0.1 percent (seasonally-adjusted figure was -0.2 percent).

Poll

Will Greece's Cycle of Debt and Crisis Be Broken By the New Eurozone Deal?
Yes, now the country can grow and get out of crisis
10%
No, Greece's economy is not efficient
76%
Maybe, if the reforms are implemented
14%
Total votes: 42