The International Monetary Fund has stepped in to help the country’s economy. The country’s finance minister has been forced to step down after a series of protests. Home Depot announced that it will cut 8,000 jobs and close 5,000 more in the coming weeks. The government is facing a $1.2 billion cut in wages and energy prices for the rest of the year. The IMF has pledged $2.5 billion to help Iceland’s economy recover from the crisis. The European Union has agreed to cut the cost of the government’s energy contracts by $2 billion.”]
Source: https://www.bankinfosecurity.com/economists-recession-worsening-a-1177