{
  "title": "Iceland: 2014 Article IV Consultation and Fifth Post-Program Monitoring Discussions-Staff Report; Press Release; and Statement by the Executive Director for Iceland",
  "publication": "IMF Staff Country Reports, March 13, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/iceland-2014-article-iv-consultation-and-fifth-post-program-monitoring-discussions-staff-42782",
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  "summary": "This 2014 Article IV Consultation highlights that Iceland has reached a relatively strong macroeconomic position with good growth prospects. Unemployment continues to trend down, now at 4 percent.",
  "sections": [
    {
      "heading": "Macroeconomic assessment and outlook",
      "content": "- Iceland has reached a relatively strong macroeconomic position with good growth prospects.\n- Unemployment continues to trend down, now at 4 percent.\n- Growth is expected to pick up to about 3 percent over 2015–17, supported by robust domestic demand and tourism.\n- Consumption will be boosted by household debt relief and—together with net trade—will benefit from favorable commodity prices."
    },
    {
      "heading": "Financial sector and stability framework",
      "content": "- Good progress has been made in improving the financial stability framework.\n- Remaining gaps in the financial stability framework persist (no further detail provided in the source summary)."
    },
    {
      "heading": "Key thematic coverage",
      "content": "- Balance of payments\n- Banking\n- Capital account liberalization\n- Fiscal policy\n- Income\n- Inflation\n- National accounts\n- Prices"
    },
    {
      "heading": "Keywords and focal points",
      "content": "- balance of payments\n- Capital account liberalization\n- central bank\n- CR\n- crisis legacy\n- Europe\n- Global\n- IMF staff projection\n- Income\n- Inflation\n- inflation expectation\n- ISCR\n- liberalization strategy\n\nSource: 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).\n\n---\n\n Content in this bundle\n\n- 1. Iceland’s Recovery: A Report Card\n  - 1. Iceland’s Recovery: A Report Card (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Iceland’s Recovery: A Report Card (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 13, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498398893.002",
    "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.",
    "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).",
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    "**1. Iceland’s Recovery: A Report Card**"
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