{
  "title": "Iceland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland",
  "publication": "IMF Staff Country Reports, June 22, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998",
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  "summary": "This 2017 Article IV Consultation highlights Iceland’s continued real GDP growth, driven by tourism. Growth reached 7.2 percent in 2016 and is projected at almost 6 percent in 2017 before tapering to about 2.5 percent over the medium term.",
  "publishDate": "2017-06-22",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Growth and outlook",
      "content": "- Real GDP growth reached 7.2 percent in 2016.\n- Growth is projected at almost 6 percent in 2017.\n- Growth is expected to taper to about 2.5 percent over the medium term.\n- Growth to date has been driven by exports, private consumption, and investment rather than by leverage."
    },
    {
      "heading": "Financial sector and credit",
      "content": "- Bank credit to the nonfinancial private sector grew 4.3 percent in 2016.\n- Bank credit is expected to pick up going forward."
    },
    {
      "heading": "External sector and current account",
      "content": "- Iceland’s current account surplus is projected to shrink modestly over time.\n- Projections indicate differential performance across export sectors: some export sectors are expected to suffer while others are expected to thrive."
    },
    {
      "heading": "Thematic coverage and keywords",
      "content": "- Subject areas: Balance of payments, Banking, Current account, Economic sectors, External debt, External sector statistics, Financial regulation and supervision, Financial statistics, Inflation, Prices, Tourism.\n- Keywords present in the source: CBI transactions, CR, Current account, economy, exchange rate volatility, fiscal policy, Global, IMF staff projection, Inflation, inflation expectation, inflation prospect, ISCR, prudent fiscal policy, Tourism.\n\nIceland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998"
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    "Published: June 22, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484304969.002",
    "Real GDP growth reached 7.2 percent in 2016.",
    "Growth is projected at almost 6 percent in 2017.",
    "Growth is expected to taper to about 2.5 percent over the medium term.",
    "Growth to date has been driven by exports, private consumption, and investment rather than by leverage.",
    "Bank credit to the nonfinancial private sector grew 4.3 percent in 2016.",
    "Bank credit is expected to pick up going forward.",
    "Iceland’s current account surplus is projected to shrink modestly over time.",
    "Projections indicate differential performance across export sectors: some export sectors are expected to suffer while others are expected to thrive.",
    "Subject areas: Balance of payments, Banking, Current account, Economic sectors, External debt, External sector statistics, Financial regulation and supervision, Financial statistics, Inflation, Prices, Tourism.",
    "Keywords present in the source: CBI transactions, CR, Current account, economy, exchange rate volatility, fiscal policy, Global, IMF staff projection, Inflation, inflation expectation, inflation prospect, ISCR, prudent fiscal policy, Tourism.",
    "**Country Report**"
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