The latest from IMF on Iceland: much achieved but risks ahead
Here is the IMF concluding statement of the IMF mission after the 2012 Article IV Consultation on Iceland. The short version is this:
March 2, 2012
Iceland has achieved much since the crisis and its economy is growing again. Nonetheless, considerable challenges remain. Tackling these will require steady policy implementation, increased coordination, and stronger policy frameworks.
Outlook and Risks
The outlook is for a moderate recovery. Over the medium-term, the drivers of growth will gradually shift away from domestic demand (notably investment) toward external demand (as exports increase). However, there are risks to this outlook, emanating from both external and domestic sources.”
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