OECD Economic Outlook, Volume 2018 Issue 2
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, a special chapter on the implications for public policy of the decoupling of wages from productivity and a chapter summarising developments and providing projections for each individual country.
The Statistical Annex is available on-line only at https://dx.doi.org/10.1787/eco_outlook-v22018-2-en
Iceland
Growth is projected to slow towards more sustainable rates. Consumption growth will ease as employment and wages decelerate. Exports of goods and services, especially tourism, will weaken after a strong 2018, while imports will decline following slowing internal demand. The residential housing boom will ease and the growth of private investment will weaken. The unemployment rate remains low, at around 3%.