01617cas a2200241 a 4500 AALejournalIMF002028 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451819267 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : Staff Report for the 2002 Article IV Consultation. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (55 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This 2002 Article IV Consultation highlights that the economic developments in Iceland since early 2001 have been characterized by progress in the correction of some of the imbalances. As sentiment turned, the currency depreciated sharply and growth in economic activity decelerated from 5 1\2 percent in 2000 to 3 percent in 2001-bringing it closer to its long-term sustainable pace. The balance of demand switched swiftly from consumption and other domestic expenditure to net exports and, as a result, the current account deficit fell to about 4 1\2 percent of GDP. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2002/130 Full text available on IMF http://elibrary.imf.org/view/journals/002/2002/130/002.2002.issue-130-en.xml IMF e-Library