Iceland: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland

June 23, 2023

Preview Citation

Format: Chicago

Iceland: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Iceland has recovered from the shocks of recent years faster than envisaged and scarring from the pandemic is expected to be minimal. The recovery reflects pent-up demand from the pandemic, a rebound of the tourism industry, rapid immigration, and the fact that, unlike most European countries, Iceland experienced an improvement in its terms of trade in 2022. The economy is currently operating above potential. Absent an adjustment in policies, imbalances are likely to increase. Risks are tilted to the downside.

Subject: Economic and financial statistics, Expenditure, Financial Sector Assessment Program, Financial sector policy and analysis, Fiscal policy, Fiscal stance, Government finance statistics, Inflation, International organization, Monetary policy, Pension spending, Prices

Keywords: Cash flow, Deteriorating inflation outlook, Financial Sector Assessment Program, Fiscal stance, Global, Government finance statistics, Headline inflation, Inflation, Inflation expectation, Monetary policy horizon, Pension spending, Policy tightening

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/217
Stock No:

1ISLEA2023001
ISBN:

9798400246784
ISSN:

1934-7685

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