CLEAN : Iceland booming but no crash in sight, central banker says

The video discusses the current economic situation, focusing on tight monetary and fiscal policies. It highlights the stability of the financial system, with regulated FX risks and high capital levels. The growth observed is moderate, with concerns centered on the tight labor and housing markets. The tourist boom is a significant growth driver, leading to currency appreciation and pressure on other export industries.

What is the main reason a financial crisis is considered unlikely despite potential economic overheating?

• Weak fiscal policy

• High levels of international activity

• Strong financial regulations and high capital levels

• Significant credit growth

What is the primary concern regarding the current economic boom?

• Tight labor and housing markets

• Excessive international trade

• Overheating of the financial sector

• Rapid technological advancements

What is a significant factor behind the recent economic growth?

• Expansion of the agricultural sector

• Decline in import tariffs

• Increased manufacturing output

• Tourist boom

How has the tourist boom affected the currency?

• It has had no effect on the currency

• It has stabilized the currency

• It has appreciated the currency

• It has depreciated the currency

What challenge is posed by the appreciation of the currency?

• It increases inflation

• It reduces foreign investment

• It boosts the housing market

• It puts pressure on other export industries