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 cont...
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ftrepec:oai:RePEc:imf:imfscr:2013/256 2024-04-14T08:13:41+00:00 Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=40863 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=40863 preprint ftrepec 2024-03-19T10:41:22Z 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 2½ percent. The outlook is for modest growth, declining inflation, and improving fiscal and external position. ISCR;CR;broad money;control;IMF staff estimate;inflation expectation; market access; loan valuation uncertainty; central bank's authority; Capital controls; Fiscal consolidation; Loans; Global; Europe Report Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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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 2½ percent. The outlook is for modest growth, declining inflation, and improving fiscal and external position. ISCR;CR;broad money;control;IMF staff estimate;inflation expectation; market access; loan valuation uncertainty; central bank's authority; Capital controls; Fiscal consolidation; Loans; Global; Europe |
format |
Report |
author |
International Monetary Fund |
spellingShingle |
International Monetary Fund Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
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International Monetary Fund |
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International Monetary Fund |
title |
Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
title_short |
Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
title_full |
Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
title_fullStr |
Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
title_full_unstemmed |
Iceland: 2013 Article IV Consultations and Third Post-Program Monitoring Discussions |
title_sort |
iceland: 2013 article iv consultations and third post-program monitoring discussions |
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http://www.imf.org/external/pubs/cat/longres.aspx?sk=40863 |
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Iceland |
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Iceland |
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http://www.imf.org/external/pubs/cat/longres.aspx?sk=40863 |
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1796311709950935040 |