Our comprehensive assessment of Iceland's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Iceland, as well as the latest industry developments that could impact Iceland's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Iceland before your competitors.
Iceland Country Risk
Iceland's snap general election, to be held on October 29, is set to be extremely close, with a recent shift in opinion polls putting the incumbent Independence-Progressive coalition almost level with the combined support for the Pirate Party and Left-Green Movement. If the populist Pirate Party comes into government it would mark a major shift in Icelandic politics and policy making.
Iceland's economic rebound will remain in place in the coming quarters, driven predominantly by private consumption, which will be boosted by rising wages and house prices, and a booming tourism sector.
We expect the Central Bank of Iceland to cut interest rates in the coming quarters in an effort to stem recent appreciation of the krona, although the country's strong growth and wide interest rate differentials will drive additional currency strength...