Country Forecast Ireland Updater
- Language: English
- 17 Pages
- Published: June 2013
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OECD Economic Surveys: Iceland 2011
- Published: June 2011
- Region: World
- 101 Pages
- OECD Publishing
Iceland is resolving the economic problems left by the financial crisis. It is well advanced in implementing the comprehensive programme agreed with the IMF to overcome these problems. Iceland is slowly emerging from a deep recession following the collapse of its main banks. The economy stopped contracting by late 2010 and a consumption and business investment-led recovery is projected to gather momentum, lifting economic growth to 3 per cent by 2012. Inflation is projected to remain low and the underlying current account surplus to be sustained.
Much has been done to restore the financial sector to health. The banking system was recapitalised by the end of 2009 and steps have recently been taken to accelerate private-sector debt restructuring. Reforms have been made to regulation and supervision to address shortcomings exposed by the financial crisis. The Central Bank of Iceland (CBI) and the Financial Supervisory Authority (FME) have signed a co operation agreement to strengthen macro-prudential supervision, although policy implementation could be more effective if the FME were merged into the CBI, thereby expanding the CBI's responsibilities to include prudential regulation
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- Basic statistics of iceland 2010
- Executive summary
- Assessment and recommendations
- Restoring the financial sector to health
- Securing sustainable public finances
- Returning to work in Iceland
- Ensuring a sustainable and efficient fishery
| Format | Properties | |
|---|---|---|
| Electronic (PDF) | The report will be emailed to you. The report is sent in PDF format. | This is a single user license, allowing one specific user access to the product. |
| Enterprisewide | The report will be emailed to you. The report is sent in PDF format. | This is an enterprise license, allowing all employees within your organisation access to the product. |
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