Today: October 6, 2015, 6:28 pm

Iceland economy set to reach pre-crisis levels by 2015 in terms of real GDP output
Iceland Business Forecast Report Q1 2014 - a new country guide report on 2014-03-17 07:07:02
The negative consequences of Iceland´s decision to end its EU membership talks have been extremely limited. The country remains a member of the European Economic Area, and already enjoys high levels of political stability. We see little prospect of a policy reversal by the government on accession, and expect the administration to build on existing global trade links. Ongoing development of economic relations with China could yet yield significant investments.

Real GDP growth will be slightly above the long-term trend at 2.5% over our 10-year forecast period. This rate of economic expansion will be amongst the fastest for any developed nation, but it will still take until 2015 for real GDP to reach pre-crisis levels.

The government´s planned US$1.25bn mortgage debt relief package will not be a panacea. The previous administration´s previous rounds of relief did not spark significant extra consumer spending or investment in housing. The new plans will help unwind asymmetries within the economy, but will need to be accompanied by new foreign direct investment.

We now expect trend growth to be 2.5% instead of the 2.6% forecast last quarter. This is primarily a result of a reduction in the early part of the forecast period, with economic expansion in 2014 now forecast to be 2.6% instead of 3.2%. This reflects the continued slow pace of investment spending growth in the economy.

Global economic conditions could deteriorate markedly, stifling Iceland´s export-driven recovery.

If the government decides to remove the country´s capital controls too soon it could result in a disorderly depreciation of the krona..

Click for report details: ..

Browse all All Sectors Country Guide Reports ..

Browse all All Sectors Company Profile Reports ..

Browse all Latest Country Guide Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 464 Words
Related Articles
More From Finance
Credit-Yogi Teaches Consumers How To Use HAMP [..]
Be Prepared to Utilize HAMP Lenders do not like to help borrowers prevent foreclosure by accessing the Obama loan modification [..]
Credit-Yogi Informs Military Members Facing Auto Repossession [..]
No one wants to have their vehicle taken back by their banks. It’s a source of stress for the individual [..]
Credit-Yogi .com Teaches Consumers How To Prevent [..]
Want to Halt Vehicle Repossession? Here’s How Sometimes things happen that end up leaving one in a financially strapped position. [..]
Sell Your Phoenix Winter Condo or Townhouse [..]
Most condominium owners or homeowners, in almost every state in the country, are asking the same question: “Should I sell [..] Shows Homeowners How To Avoid Foreclosure [..]
The idea that someone could lose his home to his lender is just scary, and he may not know how [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.