Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland

March 13, 2015

Preview Citation

Format: Chicago

Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland, (USA: International Monetary Fund, 2015) accessed November 21, 2024

Summary

This 2014 Article IV Consultation highlights that Iceland has reached a relatively strong macroeconomic position with good growth prospects. Unemployment continues to trend down, now at 4 percent. Growth is expected to pick up to about 3 percent over 2015–17, supported by robust domestic demand and tourism. Consumption will be boosted by household debt relief and—together with net trade—will benefit from favorable commodity prices. Good progress has also been made in improving the financial stability framework, but gaps remain.

Subject: Balance of payments, Banking, Capital account liberalization, Fiscal policy, Income, Inflation, National accounts, Prices

Keywords: Balance of payments, Capital account liberalization, Central bank, CR, Crisis legacy, Europe, Global, IMF staff projection, Income, Inflation, Inflation expectation, ISCR, Liberalization strategy

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/072
Stock No:

1ISLEA2015001
ISBN:

9781498398893
ISSN:

1934-7685

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