Iceland | Country Economic Forecast

A return to growth in Q3, helped by re-opening of tourism, will limit the full-year 2020 GDP decline to just under 7%. Swiftly-launched schemes to fight Covid-19 and shield incomes from pandemic shutdowns have kept the way open for a strong recovery in 2021-22, as export markets revive and deferred purchases fuel a consumption boom, lifting investment when business confidence revives.

What you will learn:

  • Export recovery forecast
  • Economic risks in 2021-22
  • Forecast for Iceland up to 2023 including GDP growth, imports and exports

Topics: Coronavirus, Recovery, Nordic

Why big fiscal deficits and low inflation can coexi (17)