Once the Poster-child of Crisis, Iceland Recovers

Once the Poster-child of Crisis, Iceland Recovers

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geothermal plant in IcelandThe economy of Iceland is growing at a clip that has surprised many people. A number of carefully planned steps has brought its fiscal deficit of more than 10 percent back to a near balance.

An export and tourism boom, growing consumer confidence, progressive taxes, as well as a phasing-in of austerity measures were also key to getting the country back on track.

(READ the story from Reuters)

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