OECD Economic Outlook, Volume 2013 Issue 1
The OECD Economic Outlook is the OECD’s twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, chapters summarising developments and providing projections for each individual country, a special chapter on growth prospects and fiscal requirements over the long term, and a statistical annex.
Iceland
Economic growth is projected to be moderate in 2013 but to increase to around 2½ per cent next year, provided that a large planned increase in energy-intensive investment takes place. Unemployment should fall to slightly below the structural rate of around 5% by 2014. Following monetary policy tightening and recent exchange rate appreciation, inflation is set to fall too, but to remain above target.
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