A new issue of Statistical Series, presenting a revised Economic forecast for 2010-2015, is available. The forecast predicts that the Icelandic Economy will contract by 3% in 2010, but grow by almost 2% in 2011. There seems to be little contraction in private consumption during 2010, but an increase is predicted for the following years. Investment will start to rebound in 2011 but will still remain historically low. Public consumption will continue to decrease in the next years. Inflation has gone down in 2010, and will be at the Central Banks target rate at the beginning of 2011.
Economic forecast 2010-2015 - revision - Statistical Series