$name | Eurobank
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$name

• Early 2011 economic recovery hindered by lingering euro area debt crisis, munitions accident
• Domestic economy expected to broadly stagnate this year, with return to more sustained growth seen likely in 2013• Public finances deteriorated in the past three years due to structural and cyclical factors • Fiscal position to improve in 2012 on recently-adopted austerity measures
• Cyprus in a better position than other euro area economies to weather the sovereign debt crisis