After having gone through a dramatic financial meltdown and two years of recession in 2009 and 2010, Iceland started to recover in 2011 and IMF estimates now indicate that economic growth should average between 2.5% and 3% over the short-medium term. Yet the country is in a post-crisis transition and a number of systemic and […] … learn more→
Tag Archives: IMF
Iceland’s Loonie idea: will ditching the krona solve its currency quagmire?
After the Greek rescue package: will Portugal be the next to fall?
Greece is rescued, for now…maybe. Perhaps it’s time to move on to the next basket case. So, which of the PIIGS is the next Greece? For the moment, Portugal looks to be the front-runner. The country’s public-debt-to-GDP ratio is above 100%, and with a forecasted growth rate of -3.3%, its economy is shrinking at a […] … learn more→
Could there be a revolution in Greece?
So the deal is this: the EU and the IMF have demanded that Greece put in place austerity measures in return for a 130 billion euro bailout. That\’s £110 billion and $170 billion by the way. As the austerity measures in Greece have tightened, so the rate of suicides in the country have escalated, and […] … learn more→