Friday - 2 November 2012
Icelandic economy to grow 2.7% in 2012 and 2.5% in 2013
A new issue of Statistical Series, presenting the economic forecast for 2012-2017, is now available. The Icelandic economy is predicted to grow by 2.7% in 2012 and 2.5% in 2013. Growth in private consumption and investment will continue in 2012 and the following years. Public consumption remains nearly constant during 2012 through 2014.
Robust private consumption growth and strengthening of the labour market during the first half of 2012, slackened somewhat during the third quarter. The inflation outlook is stable but terms of trade have worsened slightly. Investment is growing while remaining low in historical perspective.
The last economic forecast was published 5 July 2012. The next forecast is scheduled for late March 2013.
Economic forecast, winter 2012 - Statistical Series