Monday, October 1, 2012
Economic Rebound in Iceland - Jailing the Bankers Works !
Outlining the economic "rebound", the IMF said: "Following a deep and protracted recession, the economy grew by 2.6 per cent in 2011, a performance that looks set to be broadly repeated in 2012 and sustained over the medium term. The output gap is closing, unemployment has decreased, and inflation - though still high - is expected to converge toward the central bank's target of 2.5 per cent in the medium term; if monetary tightening resumes. Public and external debt ratios are on a downward path and financial sector conditions are improving. The fiscal consolidation is broadly on track."
Posted by nickglais on 10/01/2012 04:17:00 AM