European Parliament Library

Cyprus :, 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cyprus

Economic conditions have stabilized, and the economy is projected to bottom out in 2010, giving way to a mild recovery in 2011 followed by stronger growth. The foremost policy challenge is to achieve the official fiscal consolidation targets so as to put debt ratios on a declining path and provide more space to guard against risks to the financial sector. Further old-age pension reform is also essential. Structural reforms are needed to preserve competitiveness and enhance medium-term growth. The government largely shared the IMF staff’s assessment
Table Of Contents
Cover; Executive Summary; Contents; I. The Context: Macroeconomic Imbalances Building Up Prior To The Crisis; Boxes; 1. Fiscal Developments in 2004-2009; Figures; 2. Cyprus: Households and Corporate Sector; II. Recent Developments and the Outlook; A. Macroeconomic Developments; B. Public Sector; 3. Cyprus: Economic Indicators, 2004-2011; 4. Cyprus: Price Developments; 5. Cyprus: Labor Market; 6. Cyprus: Short-Term Indicators; 7. Cyprus: Fiscal Sector; 2. Cost-of-Living Allowance (COLA) System; C. Financial Sector; 3. Spillovers from Greece; 8. Cyprus: Financial Indicators
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (54 p.)
Specific Material Designation
Form Of Item

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