01623cas a2200241 a 4500 AALejournalIMF004781 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451809909 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Cyprus : Staff Report for the 2006 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (61 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 2006 Article IV Consultation highlights that economic activity in Cyprus has recovered from a relatively weak performance in 2002-03. Declines in interest rates and strong capital inflows associated with Cyprus's accession to the European Union in May 2004 spurred growth in private consumption and investment while recovering tourist receipts reduced the external drag on the economy. The economy is experiencing rapid credit growth and brisk housing price increases. Total credit to the private sector accelerated recently, with mortgage lending leading the expansion. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2007/076 Full text available on IMF http://elibrary.imf.org/view/journals/002/2007/076/002.2007.issue-076-en.xml IMF e-Library