Cyprus: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, March 22, 2005
Source details
- Canonical URL
- Cyprus: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: March 22, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451809855.002
Macroeconomic performance and drivers
- Real GDP growth recovered in 2004 to about 3½ percent, following a more modest performance in 2002–03.
- The 2004 growth rebound was mainly driven by an increase in domestic demand.
- Real per capita income has continued to rise, now reaching above 80 percent of the average European Union 25 income level when adjusted for purchasing power.
Near-term outlook and projection
- Growth is estimated at close to 4 percent in 2005, reflecting an improved external environment.
Coverage and thematic focus
- Subjects addressed in the report include: Banking; Economic sectors; Financial regulation and supervision; Fiscal consolidation; Fiscal policy; Labor; Public debt; Tourism.
- Keywords associated with the report include: authorities' areas of concern; authority; CR; Cyprus authorities; deficit; deficit target; estimate; Europe; Fiscal consolidation; IMF surveillance purpose; ISCR; Middle East; staff appraisal; staff view; target; Tourism.
Content in this bundle
- _cr05107 — IMF Staff Report Executive Summary and Selected Sections