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 s...
| Corporate Author: | |
|---|---|
| Format: | eBook |
| Language: | English |
| Published: |
Washington, D.C.
International Monetary Fund
2014
|
| Series: | IMF Staff Country Reports
|
| Online Access: | |
| Collection: | International Monetary Fund - Collection details see MPG.ReNa |
| Summary: | 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 |
|---|---|
| Physical Description: | 63 pages |
| ISBN: | 9781498308106 |