Iceland: Staff Report for the 2003 Article IV Consultation
Electronic Access:
Free Download. Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Rapid growth during the second half of the 1990s led to overheating and the emergence of financial vulnerabilities by the end of the decade. Over the medium term, investment projects will impart a significant impetus to economic activity, and output will grow for some years above its long-term trend pace. There are, however, significant upside risks to this medium-term central scenario. Executive Directors supported the authorities' view that macroeconomic policies would have to remain restrictive to counteract the expected demand pressures over the medium term.
Series:
Country Report No. 2003/266
Subject:
Balance of payments Banking Current account deficits Exports External debt Financial Sector Assessment Program Imports Income International trade National accounts
English
Publication Date:
August 29, 2003
ISBN/ISSN:
9781451819243/1934-7685
Stock No:
1ISLEA0012003
Pages:
58
Please address any questions about this title to publications@imf.org