Iceland economic forecast 2010-2015

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.

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