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ICELAND - OECD.org
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD ECONOMIC outlook , VOLUME 2018 ISSUE 2 PRELIMINARY VERSION OECD 2018126 ICELANDG rowth is projected to slow towards more sustainable rates. Consumption growthwill ease as employment and wages decelerate. Exports of goods and services, especiallytourism, will weaken after a strong 2018, while imports will decline following slowinginternal demand. The residential housing boom will ease and the growth of privateinvestment will weaken. The unemployment rate remains low, at around 3%.Inflation is creeping up, mainly due to a weaker exchange rate and higher importprices. The central bank raised the policy interest rate and is projected to increase itfurther to anchor rising inflation expectations.
3. developments in individual oecd and selected non-member economies oecd economic outlook,volume 2018 issue1–preliminary version © oecd 2018 157 fiscal policy is ...
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