Statistics Iceland releases now a new issue of Statistical Series. This issue presents the Economic forecast 2010-2015. The forecast assumes that the contraction will come to a close during 2010 and a gradual recovery will start. However, 2010 is still going to show a contraction of 2.9% in GDP. Positive growth is expected from 2011 and througout the rest of the forecast period, given that private consumption has stabilized and large scale industrial investments start in earnest in 2011.
Economic forecast 2010-2015 - Statistical Series