Fiscal Balance in Iceland
Iceland - Fiscal BalanceThe Icelandic economy slowed markedly in the third quarter, despite a robust performance from the crucial tourism sector which supported private outlays. The downswing was due exclusively to lower fixed investment, itself driven by a sharp contraction in business investment and a softer decline in residential construction investment. On the flipside, public investment surged in the quarter, both private and public spending growth picked up slightly, while the external sector’s growth contribution improved thanks to a rebound in exports, despite a marginal recovery in imports. Meanwhile, the country appears to be headed towards difficult wage negotiations in coming months, as the powerful labor unions push for steep minimum wage increases
Iceland - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-1.8||-0.1||-0.8||12.6||1.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||5.47||-0.99 %||Jan 16|
|Exchange Rate||121.5||-0.52 %||Jan 16|
|Stock Market||1,225||-0.32 %||Jan 16|
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