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Nine years af­ter a bank­ing crash made Ice­land a sym­bol of fi­nan­cial cri­sis, the gov­ern­ment has sig­naled that sta­bil­ity had been re­stored. Yet Ice­land is fac­ing new chal­lenges with its growth re­bound­ing — the econ­omy ex­panded 7.2 per­cent last year — too quickly, some say. A jump in tourism is stok­ing a con­struc­tion boom, rais­ing the risk of in­fla­tion.

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