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Iceland central bank warns of setback in tourism industry
October 18, 2017 / 10:59 AM / 2 months ago

Iceland central bank warns of setback in tourism industry

COPENHAGEN, Oct 18 (Reuters) - Iceland’s central bank said Wednesday the outlook for the country’s financial stability is good but warned that a setback in the booming tourism industry could have far-reaching impact for the economy.

“Lending for investment in tourism-related sectors and for real estate purchases has not yet reached dangerous levels,” the bank said in a financial stability report published Wednesday. (Reporting by Jacob Gronholt-Pedersen; Editing by Matthew Mpoke Bigg)

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