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Persistent link: https://www.econbiz.de/10011473187
The Icelandic economy has been severely affected by the pandemic. Sharp tourism contraction and containment measures caused real GDP to plummet by 6.6 percent in 2020. A modest recovery will take hold in 2021. Recovery prospects in the tourism sector depend on control of the epidemic and...
Persistent link: https://www.econbiz.de/10012604433
This 2017 Article IV Consultation highlights Iceland's continued real GDP growth, driven by tourism. Growth reached 7 …. Thus far, growth has been driven not by leverage but by exports, private consumption, and investment. Iceland's current …
Persistent link: https://www.econbiz.de/10011697870
This paper analyzes the explosion of tourism in Iceland, which has surged above all expectations. The number of … krona appreciation-which leaves Iceland's tourism boom largely unexplained by standard econometric models. Instead, Iceland …
Persistent link: https://www.econbiz.de/10011697872
This paper provides an assessment of the economic conditions, outlook, and crises in Iceland. There is a mounting sense … savings diversification, and that it is time for them to go. Recent settlements with the bank estates are a huge step forward … fastest growing in Europe, opening up a positive output gap. However, the biggest risk for Iceland is overheating. Large wage …
Persistent link: https://www.econbiz.de/10011675406
This paper examines Iceland's expenditure policy, especially five expenditure pressure points, as well as capital flows …
Persistent link: https://www.econbiz.de/10011675407
Persistent link: https://www.econbiz.de/10011940214
Iceland is experiencing an economic slowdown that has reduced overheating concerns. Tourism growth has decelerated and …
Persistent link: https://www.econbiz.de/10011940210