European Parliament Library

Iceland :, Fourth Post-Program Monitoring Discussions

This paper discusses Iceland’s Fourth Post-Program Monitoring Discussions. Iceland’s economy has grown strongly on the back of booming tourism. Real GDP grew 3.3 percent in 2013, despite a drop in investment spending. Net exports were the primary driver. High frequency indicators suggest strong net exports—including steady growth in off-season tourism—have continued in Q1 2014, along with rising private consumption. Inflation has fallen below the Central Bank of Iceland’s 2.5 percent target but long-term inflation expectations remain noticeably above this level. The government’s medium-term fiscal objectives deserve support, but further effort is needed to achieve them
Table Of Contents
""Cover""; ""CONTENTS""; ""RECENT DEVELOPMENTS AND OUTLOOK""; ""A. Context""; ""B. Recent Developments: Export-Driven Growth""; ""C. Outlook and Risks""; ""POLICIES TO ENSURE EXTERNAL VIABILITY""; ""A. Capital Account Liberalization Strategy: Adapting to New Realities""; ""B. Monetary Policy: Containing Inflation and Reinforcing Credibility""; ""C. Fiscal policy: Completing the Adjustment""; ""D. Financial Sector: Preparing for a Post-Capital Control Environment""; ""POST-PROGRAM MONITORING""; ""STAFF APPRAISAL""; ""FIGURES""; ""1. Recent Developments in Demand and Labor""
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (65 p.)
Specific Material Designation
Form Of Item

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