Thursday - 5 July 2012
Icelandic economy to grow 2.8% in 2012 and 2.7% 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 2.8% in 2012 and 2.7% in 2013. Growth in private consumption and investment will continue in 2012 and the following years. Contraction of public consumption has stopped, but growth is almost non-existent.
The inflation outlook has worsened, but wages will outpace inflation, supporting continued growth in private consumption. Investment is growing while remaining low in historical perspective.
The last economic forecast was published 30 March 2012. The next forecast is scheduled for late November 2012.
Economic forecast, summer 2012 - Statistical Series