Friday - 30 March 2012
Icelandic economy predicted to grow by 2.6% in 2012
A new issue of Statistical Series, presenting the economic forecast for 2012-2017, is now available. The Icelandic economy is predicted to grow by 2.6% in 2012 and by 2.5% in 2013. Growth in private consumption and investment will continue in 2012 and the following years. Public consumption will remain nearly constant for the years 2012 through 2014 and grow slowly from 2015.
Inflation has increased during the last few months. However, the overall increase in wages has outpaced inflation since the spring of 2011, supporting continued growth of private consumption. Investment has also picked up although considerable investment growth is still required to reach customary levels.
The last economic forecast was published 24 November 2011. The next forecast is scheduled for late June 2012.