IMF Staff Country Reports

Iceland: 2018 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Iceland

Publication Date:

November 14, 2018

Electronic Access:

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Summary:

Iceland is experiencing an economic slowdown that has reduced overheating concerns. Tourism growth has decelerated and the króna has stopped appreciating. Demand management has become easier, allowing the authorities to focus on medium-term priorities, including infrastructure, healthcare, education, and the environment. Risks, however, have become more evident. High fuel prices and other factors are challenging the airline business; world trade tensions are escalating; and the United Kingdom—a vital trading partner—is not yet assured of a smooth EU exit. Icelandic policies thus need to focus on further increasing resilience to shocks.

Series:

Country Report No. 2018/318

Subject:

Balance of payments Banking Current account surpluses Economic and financial statistics Financial regulation and supervision Fiscal policy Fiscal stance Government finance statistics Income National accounts