Publication detail

Economic forecast, winter 2019


  • Statistical Series
  • 01. November 2019
  • Vol 104, Issue 12
  • ISSN: 1670-4770


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Revised national accounts figures show that Iceland‘s GDP grew by 4.8% in 2018. The outlook for 2019 has not changed from the last economic forecast in May as GDP is expected to decrease by 0.2% this year. However, it is now expected that the turnaround in 2020 will be slower than previously presumed, with GDP growing by 1.7%. For 2021-2025, growth is expected to average around 2.6% per annum.
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