Central Bank of Cyprus - Annual Report 2005

According to the Central Bank of Cyprus's Annual Report 2005, real GDP grew by 3,8% in 2005 compared with 3,9% in the previous year.

During the year under review, domestic demand decelerated reflecting the reduction in the growth rate of private consumption - which led to a deceleration in imports - and gross fixed capital formation. The exports of goods and services also grew at a lower rate. On the supply side, financial intermediation, restaurants and hotels, real estate, renting and business

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