Iceland : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

April 8, 1997

Summary:

This paper reviews economic developments in Iceland during 1990–96. It analyzes the origins of the current economic expansion associated with a swing in the current account and in emerging inflation pressure. Three driving forces are emphasized: the positive supply shock affecting the fisheries; the expansion of the power intensive industry; and brisk increases in real wages over the past two years (1995–96). The paper highlights that the main sources of upside risks comprise the likely construction of a new aluminum smelter.

Series:

Country Report No. 97/15

Subject:

English

Publication Date:

April 8, 1997

ISBN/ISSN:

9781451819205/1934-7685

Stock No:

1ISLEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

139

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