01663cas a2200241 a 4500 AALejournalIMF002303 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451809817 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Cyprus : Staff Report for the 2002 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (47 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2002 Article IV Consultation highlights that after four years of strong growth, economic activity in Cyprus has tailed off since late 2001, affected by the global economic slowdown. The authorities estimate growth for 2002 to have declined to 2.3 percent, with falling tourist arrivals and weakening consumer and business confidence. Inflation has risen to 2.9 percent year-over-year in December on account of indirect tax increases, but core inflation remains low. The current account deficit is expected to have deteriorated in 2002 to 5.5 percent, on account of lower tourism receipts and temporary factors. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2003/030 Full text available on IMF http://elibrary.imf.org/view/journals/002/2003/030/002.2003.issue-030-en.xml IMF e-Library