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Fourth Post-Program Monitoring Discussions
出版International Monetary Fund, 2014-07-10
主題Business & Economics / Exports & ImportsBusiness & Economics / Banks & BankingBusiness & Economics / Public Finance
ISBN14983081049781498308106
URLhttp://books.google.com.hk/books?id=4qYZEAAAQBAJ&hl=&source=gbs_api
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註釋This paper discusses Iceland’s Fourth Post-Program Monitoring Discussions. Iceland’s economy has grown strongly on the back of booming tourism. Real GDP grew 3.3 percent in 2013, despite a drop in investment spending. Net exports were the primary driver. High frequency indicators suggest strong net exports—including steady growth in off-season tourism—have continued in Q1 2014, along with rising private consumption. Inflation has fallen below the Central Bank of Iceland’s 2.5 percent target but long-term inflation expectations remain noticeably above this level. The government’s medium-term fiscal objectives deserve support, but further effort is needed to achieve them.