The domestic demand-led recovery has moderated
Output is near its trend level
Inflation remains above the Central Bank of Iceland's target
Monetary policy accommodation is being withdrawn
Iceland's large current account deficits have been eliminated
The real exchange rate is below its equilibrium value
Traded sectors' share of value added has expanded since the crisis while that of non-traded sectors' has shrunk
Household debt has fallen but remains high by international comparison
Company debt has fallen
Banks are expanding lending to households but lending to companies is falling