Country Economic Forecasts > Iceland - Oxford Economics Services

Country Economic Forecasts > Iceland

Country Economic Forecasts > Iceland - Oxford Economics Services
Country Economic Forecasts > Iceland
Published Feb 09, 2016
5 pages — Published Feb 09, 2016
Price US$ 185.00  |  Buy this Report Now

About This Report

  
Abstract:

Last year's GDP growth, at 4.5% in Q1-Q3 and estimated at about 4% for 2015 overall, was probably the peak of post-crisis recovery and the pace is set to slow to about 3% in 2016 and then around 2.5% a year in 2017-18 as it adjusts to removal of capital controls. But end-2015 conditions of a balanced budget, high real interest rates, strong reserves and below-target inflation mean that the backdrop remains broadly favourable, so a destabilising outflow of foreign capital should be avoided. However, capital flows due to the large differential over EU and US interest rates may make it hard to ensure the ISK stability needed to keep investment conditions stable and maintain export growth.Cheaper energy imports and end-year ISK appreciation kept inflation below the 2.5% target in 2015, but it is forecast to bounce back to over 3.5% in 2016-17 due to fast-rising wages. Monetary and fiscal policy will have to stay tight, slowing the pace of growth in 2017-18, to keep the ISK stable until inflation starts to subside again.

  
Source:
Document ID
326352
Country
Format:
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Sections

Title
Iceland:
The following represents a general Table of Contents outline for the Country Economic
Forecast. The actual report may cover any or all of the topics listed below.
- Highlights and Key Issues - four/five paragraphs of analysis covering the
main economic and political issues contained in the subsequent Economic Overview
- Forecast Table showing % changes for the country - with 2 years of historical
data and 4 years of forecast data for the following:
- Domestic demand
- Private consumption
- Fixed investment
- Stockbuilding (% of GDP)
- Government consumption
- Exports of goods and services
- Imports of goods and services
- Unemployment
- Consumer prices
- Current account balance (US$ and % of GDP)
- Government budget (% of GDP)
- Short-term interest rates (%)
- Long-term interest rates (%)
- Exchange rate (vs. US dollar)
- Exchange rate (vs. euro)
- Economic Overview - two pages of events-driven analysis highlighting the
most recent economic activity and, where relevant, political developments of the
country, detailing significant changes to Oxford Economics' forecasts
- Charts and Tables - covering a full range of economic developments relevant
to the time period covered. These could include such topics as:
- Contributions to GDP growth
- Monthly industrial output
- Business and consumer confidence
- Unemployment rate
- Retail sales
- Prices and earnings
- Consumption and investment
- Government balance and debt
- GDP and industrial production
- Monetary policy and bond yields
- Background Information on the country
- One or two pages of text covering the main historical political and economic factors
that determine the country's current position
- Key Facts on the country
- Map of the country
- Key political facts
- Long-term economic and social development - changes since 1980
- Structure of GDP by output - latest year
- Long-term sovereign credit ratings and outlook
- Corruption perceptions index- latest year
- Structural economic indicators - changes since 1990
- Destination of goods' exports -prior years - latest year
- Composition of goods & services exports - latest year

Table Of Contents

Oxford Economics Services—Oxford Economics is a leading economic forecasting consultancy, producing macroeconomic and industry forecasts, analysis and data on 175 countries.

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Cite this Report

  
MLA:
Oxford Economics Services. "Country Economic Forecasts > Iceland" Feb 09, 2016. Alacra Store. Nov 03, 2026. <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Iceland-2111-5696>
  
APA:
Oxford Economics Services. (2016). Country Economic Forecasts > Iceland Feb 09, 2016. New York, NY: Alacra Store. Retrieved Nov 03, 2026 from <http://www.alacrastore.com/storecontent/Oxford-Economics-Services/Country-Economic-Forecasts-Iceland-2111-5696>
  
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