Commodity market report
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2 Pages

Iceland economic outlook Q1 2014

Iceland economic outlook Q1 2014

Report summary

Iceland is a small but wealthy economy. However, the economy ran into severe economic difficulties with the collapse of the banking system, currency, and capital inflows at the outset of the Great Recession. Although the economy is recovering, GDP remains 5% below peak 2008 levels. Growth is expected to accelerate to 2.1% in 2014 from 1.8% in 2013. Long-term growth prospects are moderate. Wood Mackenzie forecasts annual GDP growth to average 1.4% over 2020-35

What's included?

This report includes 1 file(s)

  • Iceland economic outlook Q1 2014 PDF - 256.48 KB 2 Pages, 1 Tables, 0 Figures


This Economic Outlook presents our macroeconomic outlook to 2035 at the country level.

Specifically we assess the structure of the economy and present the GDP and industrial production outlook.

The long-term outlook is underpinned by a set of GDP models which take account of long-term structural drivers of GDP including demographics, investment and productivity growth.

Finally, we highlight the key risks facing our outlook, both upside and downside.

Wood Mackenzie's macroeconomic forecasts underpin all our commodity demand analysis, ensuring we continually deliver an integrated and consistent view.

  • Executive summary
  • Economic outlook

In this report there is 1 table or chart, including:

  • Executive summary
    • Economic indicators
  • Economic outlook
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