Iceland : 2013 Article IV Consultations and Third Post-Program Monitoring Discussions.
This 2013 Article IV Consultation highlights that Iceland's economy is on a path to recovery, but legacy vulnerabilities are weighing on growth. GDP growth-which reached 2.9 percent in 2011-slowed to 1.6 percent in 2012 amid private sector deleveraging and weak external demand. Unemployment has...
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| Format: | Journal |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund,
2013.
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| Series: | IMF Staff Country Reports; Country Report ;
No. 2013/256 |
| Online Access: | Full text available on IMF |
| Summary: | This 2013 Article IV Consultation highlights that Iceland's economy is on a path to recovery, but legacy vulnerabilities are weighing on growth. GDP growth-which reached 2.9 percent in 2011-slowed to 1.6 percent in 2012 amid private sector deleveraging and weak external demand. Unemployment has continued to decline however, standing at 5.1 percent in May, down from a peak of 9.2 percent in September 2010. Inflation has come down to 3.3 percent in June from a peak of 18.6 in January 2009, but remains above the central bank's target of 2 1\2 percent. The outlook is for modest growth, declining inflation, and improving fiscal and external position. |
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| Item Description: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Physical Description: | 1 online resource (63 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1934-7685 |
| Access: | Electronic access restricted to authorized BRAC University faculty, staff and students |