Cyprus economic contraction worst since mid-1970s

The struggling economy of Cyprus has suffered its worst annual contraction since the mid-1970s, according to official figures. Its economy shrank 5.9% in the second quarter compared to the same period last year, more than expected. via Pocket http://www.bbc.co.uk/news/business-23989061#sa-ns_mchannel=rss&ns_source=PublicRSS20-sa