01733cas a2200241 a 4500 AALejournalIMF005507 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451819380 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : 2008 Article IV Consultation; Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (53 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 Iceland's 2008 Article IV Consultation shows that the long expansion is coming to an end, exposing the economy's overstretched private sector balance sheets, large macroeconomic imbalances, and high dependence on foreign financing. With external liquidity constraints binding, economic activity is expected to slow significantly from unsustainably high levels, inflation to remain well above target, and the current account to narrow. Uncertainty surrounding the outlook is unusually large, dominated by significant downside risks, both external and domestic. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/367 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/367/002.2008.issue-367-en.xml IMF e-Library