Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
IMF Staff Country Reports, March 13, 2015
Source details
- Canonical URL
- Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland
Other formats
Bibliographic details
- Published: March 13, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498398893.002
Macroeconomic assessment and outlook
- Iceland has reached a relatively strong macroeconomic position with good growth prospects.
- Unemployment continues to trend down, now at 4 percent.
- Growth is expected to pick up to about 3 percent over 2015–17, supported by robust domestic demand and tourism.
- Consumption will be boosted by household debt relief and—together with net trade—will benefit from favorable commodity prices.
Financial sector and stability framework
- Good progress has been made in improving the financial stability framework.
- Remaining gaps in the financial stability framework persist (no further detail provided in the source summary).
Key thematic coverage
- Balance of payments
- Banking
- Capital account liberalization
- Fiscal policy
- Income
- Inflation
- National accounts
- Prices
Keywords and focal points
- balance of payments
- Capital account liberalization
- central bank
- CR
- crisis legacy
- Europe
- Global
- IMF staff projection
- Income
- Inflation
- inflation expectation
- ISCR
- liberalization strategy
Source: Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland (March 13, 2015).
Content in this bundle
- 1. Iceland’s Recovery: A Report Card