Icelandic Economy To Cool But Volcanic Risks Persist
Country Risk / Iceland / Wed 01 May, 2024
Key View
- We anticipate that Iceland's economy will expand by 1.5% in 2024, a slight decrease from our previous forecast of 2.0%, and by 3.1% in 2025 (previous forecast: 2.6%).
- Whilst disinflation will support an expansion in real wages this year, the private consumption outlook will continue to be weighed down by tight monetary conditions for some