Recovery to continue at a moderate pace and while fiscal consolidation continues, risks remain.
Exchange rate and inflation risk have declined but not vanished. Banking sector remains vulnerable. Current account has shifted into surplus. External debt remains very high. Foreign exchange reserves are adequate.
Iceland: Moderate recovery but legacy risks linger - Report
Exchange rate and inflation risk have declined but not vanished. Banking sector remains vulnerable. Current account has shifted into surplus. External debt remains very high. Foreign exchange reserves are adequate.
Iceland: Moderate recovery but legacy risks linger - Report