Central Bank of Aruba - Annual Report 2002

The Central Bank of Aruba has published its Annual Report for the year ended 2002. In the President's statement AR Caram said despite the ongoing recession in Aruba, final consumptive spending in real terms increased by an estimated 2 percent during 2002. Simultaneously, inflationary pressures increased, due mainly to higher water and electricity tariffs following erratic movements in the world market price of crude oil.

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