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E-book
Author International Monetary Fund. European Department.

Title Cyprus : 2023 Article IV Consultation-Press Release; and Staff Report
Published Washington, D.C. : International Monetary Fund, 2023

Copies

Description 1 online resource (62 pages)
Series 1\ IMF Staff Country Reports, 1934-7685
IMF Staff Country Reports; Country Report ; No. 2023/192
Summary Growth is projected to slow from 5.6 percent last year to 2 1/2 percent this year. Recovery in tourism and an influx of foreign companies is set to continue, but elevated inflation and tighter financial conditions will weaken domestic demand. Price pressures - stemming from high energy prices in 2022 - are expected to moderate but will persist for core inflation. Growth is projected to pick up over the medium-term, underpinned by investments and reforms in the Recovery and Resilience Plan (RRP)
Notes Description based on print version record
Form Electronic book