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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Wood Mackenzie, a Verisk Analytics business, has been a trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, empowering clients to make better strategic decisions with objective analysis and advice.

We work across every sector of oil, gas, power, renewables, chemicals, metals and mining, covering more than 150 countries. Our proprietary data and models are at the core of everything we do, ensuring our independent asset and company valuations are thoroughly robust and that we offer an accurate forward-looking view of economic indicators such as market supply, demand and price trends.

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