Iceland
After years of robust growth, economic activity has significantly weakened. Supply disruptions in tourism, the engine of recent growth, and the associated uncertainty have triggered a drop in domestic demand and an increase in unemployment. A swift policy response, with fiscal relaxation and monetar...
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International Monetary Fund (IMF)
2019
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Online Access: | http://dx.doi.org/10.5089/9781513523651.002 |
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critmonetaryfund:10.5089/9781513523651.002 2024-06-09T07:46:59+00:00 Iceland 2019 Article IV Consultation-Press Release and Staff Report 2019 http://dx.doi.org/10.5089/9781513523651.002 en eng International Monetary Fund (IMF) IMF Staff Country Reports volume 2019, issue 375 ISSN 1934-7685 journal-article 2019 critmonetaryfund https://doi.org/10.5089/9781513523651.002 2024-05-14T12:55:22Z After years of robust growth, economic activity has significantly weakened. Supply disruptions in tourism, the engine of recent growth, and the associated uncertainty have triggered a drop in domestic demand and an increase in unemployment. A swift policy response, with fiscal relaxation and monetary easing, has stabilized expectations and cushioned the effects. A moderate but fragile growth recovery is expected in 2020. Significant downside risks weigh on the outlook. World trade tensions and weaker than expected global growth, the UK’s still uncertain Brexit process, worsening of tourism activity in Iceland, and pressures in financial markets or payments due to Iceland’s grey-listing by the FATF could negatively impact the economy. Article in Journal/Newspaper Iceland IMF Publications (International Monetary Fund) IMF Staff Country Reports 2019 375 |
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IMF Publications (International Monetary Fund) |
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critmonetaryfund |
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English |
description |
After years of robust growth, economic activity has significantly weakened. Supply disruptions in tourism, the engine of recent growth, and the associated uncertainty have triggered a drop in domestic demand and an increase in unemployment. A swift policy response, with fiscal relaxation and monetary easing, has stabilized expectations and cushioned the effects. A moderate but fragile growth recovery is expected in 2020. Significant downside risks weigh on the outlook. World trade tensions and weaker than expected global growth, the UK’s still uncertain Brexit process, worsening of tourism activity in Iceland, and pressures in financial markets or payments due to Iceland’s grey-listing by the FATF could negatively impact the economy. |
format |
Article in Journal/Newspaper |
title |
Iceland |
spellingShingle |
Iceland |
title_short |
Iceland |
title_full |
Iceland |
title_fullStr |
Iceland |
title_full_unstemmed |
Iceland |
title_sort |
iceland |
publisher |
International Monetary Fund (IMF) |
publishDate |
2019 |
url |
http://dx.doi.org/10.5089/9781513523651.002 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
IMF Staff Country Reports volume 2019, issue 375 ISSN 1934-7685 |
op_doi |
https://doi.org/10.5089/9781513523651.002 |
container_title |
IMF Staff Country Reports |
container_volume |
2019 |
container_issue |
375 |
_version_ |
1801377058727657472 |